Canada has a ton of structural problems that will prevent this from doing anything most likely, namely housing and wages. The housing crisis in Canada is extre

Canada has a ton of structural problems that will prevent this from doing anything most likely, namely housing and wages. The housing crisis in Canada is extreme and well beyond the very real housing crisis in the US. Previously people focused on Vancouver, which is insane, but now the GTA (Greater Toronto Area) is essentially unaffordable basically everywhere. Possibly the only exception is Quebec. There is no political will to fix this problem because houses have become retirement accounts and anything that reduces home values is political suicide. The second problem is that Canadian wages are incredibly low, even in tech. In the US at least software engineer compensation largely shields you from the housing and cost of living crisis. That is not the case in Canada. Canada is very similar to Australia, which also has a housing crisis. Both countries have an economy geared to resource extraction and the respective currencies move with commodity prices. I don’t expect this scheme to have much impact.