3 ms·

Really, immigration? That's the problem?

by 11101010001100 3y ago

VancouverMan 3y ago
In Canada, it absolutely is. Compared to Canada's relatively small population, a huge number of foreigners are bring brought in each year, and this has been going on for a long time now. Keep in mind that it goes well beyond just economic migrants. It also involves foreign "students" and so-called "refugees" and "asylum seekers", among others. This unnatural influx has introduced some significant economic distortions, with the cost of housing being just one of them.
- tharmas 3y ago
  This! To add: 900,000 "students" with the option to stay. 500,000 immigrants. 600,000 skilled worker visas. 90,000 refugees. That's over 2 million in a year. And they want to do this EVERY year until the population gets to 100 million. This is controlled by the Federal government. Housing is controlled by Provincial governments and municipal governments. What immigrant is going to move to Cranbrook, BC when there's no jobs there and no community that speaks their language or government support services that help such people integrate into Canadian life. Those immigrants know better and hence go to the bigger cities.
- 11101010001100 3y ago
  Quebec has a tiny immigration problem, yet housing is still a large problem. It goes beyond immigration...
PaulHoule 3y ago
It’s a popular belief in Canada, particularly on the west coast (popular destination for Asian immigrants) where property prices have grown even more than in Toronto. There’s a particularly pernicious problem with increasing housing prices though which is that it creates a large number of winners as well as losers and somebody could be absolutely ruined if they buy a $1.2M house that they sell later for $400,000 and in turn the banking system would be imperiled so there are strong pressures to not take decisive action to stop property price appreciation or reverse it.

3 ms·

Really, immigration? That's the problem?

by 11101010001100 3y ago

Really, immigration? That's the problem?

VancouverMan 3y ago
In Canada, it absolutely is. Compared to Canada's relatively small population, a huge number of foreigners are bring brought in each year, and this has been going on for a long time now. Keep in mind that it goes well beyond just economic migrants. It also involves foreign "students" and so-called "refugees" and "asylum seekers", among others. This unnatural influx has introduced some significant economic distortions, with the cost of housing being just one of them.
- tharmas 3y ago
  This! To add: 900,000 "students" with the option to stay. 500,000 immigrants. 600,000 skilled worker visas. 90,000 refugees. That's over 2 million in a year. And they want to do this EVERY year until the population gets to 100 million. This is controlled by the Federal government. Housing is controlled by Provincial governments and municipal governments. What immigrant is going to move to Cranbrook, BC when there's no jobs there and no community that speaks their language or government support services that help such people integrate into Canadian life. Those immigrants know better and hence go to the bigger cities.
- 11101010001100 3y ago
  Quebec has a tiny immigration problem, yet housing is still a large problem. It goes beyond immigration...
PaulHoule 3y ago
It’s a popular belief in Canada, particularly on the west coast (popular destination for Asian immigrants) where property prices have grown even more than in Toronto. There’s a particularly pernicious problem with increasing housing prices though which is that it creates a large number of winners as well as losers and somebody could be absolutely ruined if they buy a $1.2M house that they sell later for $400,000 and in turn the banking system would be imperiled so there are strong pressures to not take decisive action to stop property price appreciation or reverse it.