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Canada is selective about immigrants (they have a points system), so all the things you call out are accounted for in their model - they bring in those their co
by koluna 6y ago
Canada is selective about immigrants (they have a points system), so all the things you call out are accounted for in their model - they bring in those their country needs. And from what I see from down south, they benefit a lot from it.
- drpgq 6y agoWith housing prices in Canada now it’s terrible to be young. As a landlord it is working great for me when I can get $2000 a month for an apartment in Hamilton.
- koluna 6y agoHow is that related to immigration?
- gruez 6y agoPresumably because immigrants (especially the rich variety) drive up demand for housing.
- arcticbull 6y agoDemand for housing in Canada has in part been driven by foreign non-residents real estate speculators who are looking to park their money in Canada, and other places. New Zealand banned all non-resident foreigners from buying property there [1,2]. I would assume that if a population remains stable as a result of migration, that as many people are leaving houses as entering them, and there shouldn't be substantial pressure on housing prices. I don't have specific data for this. [1] https://www.seattletimes.com/business/real-estate/vancouver-b-c-tries-again-to-thwart-foreign-real-estate-speculators/ https://www.seattletimes.com/business/real-estate/vancouver-... [2] https://www.bbc.com/news/world-asia-45199034 https://www.bbc.com/news/world-asia-45199034
- core-questions 6y agoYes, this is correct, and is largely responsible for how Canada has been able to do so well despite high numbers. However, there is no guarantee of that program continuing perpetually, considering the criticism of such ideas pouring out of the USA. (Though we'd have to be really mad to replace it with a lottery...)