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I don't know a ton about Canadian immigration, but while raw net immigration volume is likely important in pricing a relatively inelastic good like housing, I t
by rory 4y ago
I don't know a ton about Canadian immigration, but while raw net immigration volume is likely important in pricing a relatively inelastic good like housing, I think the details of who the immigrants are is too often overlooked in this kind of conversation.
In the US our largest immigrant group (Mexicans), and more recently Guatemalans and Salvadorans, are disproportionately the ones building new houses. Without them I have a hard time believing we'd be able to build the volume of houses we do. Does a parallel group exist in Canada? Are immigrants likely to work in construction?
- liketochill 4y agoI can tell you that people with heritage of India do the majority of the drywall work in Vancouver