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Playing devil's advocate here. What causes housing shortage - more demand than supply. What causes more demand? - more people. IMO an ever increasing populatio

by nojvek 3y ago

Playing devil's advocate here. What causes housing shortage - more demand than supply. What causes more demand? - more people. IMO an ever increasing population isn't a good thing if the economy can't absorb them at an equilibrium of demand and supply. Canada a population of 40M bringing in 1M population in an year was a terrible move. Great for house prices but it takes it's toll.

opo 3y ago
>...Canada a population of 40M bringing in 1M population in an year was a terrible move. Do you have a citation for that number? Most sources say Canada takes in about 1/2 that: >...Currently, annual immigration in Canada amounts to almost 500,000 new immigrants – one of the highest rates per population of any country in the world. As of 2023, there were more than eight million immigrants with permanent residence living in Canada - roughly 20 percent of the total Canadian population. https://www.statista.com/topics/2917/immigration-in-canada/#topicOverview https://www.statista.com/topics/2917/immigration-in-canada/#...
- wstrange 3y ago
  BMO Economics: The government of Canada has overshot its immigration targets by 300% https://www.reddit.com/r/CanadaHousing2/comments/1at7nbq/bmo_economics_the_government_of_canada_has/ https://www.reddit.com/r/CanadaHousing2/comments/1at7nbq/bmo...
- nojvek 3y ago
  https://www.nytimes.com/2023/03/23/world/canada/canada-record-population-growth.html https://www.nytimes.com/2023/03/23/world/canada/canada-recor...
tmnvix 3y ago
> What causes more demand? - more people. Also, a speculative boom, cheap credit, and a burgeoning short term rental market among other things.
red-iron-pine 3y ago
the problem isn't the people, is that most of the country ranges from "fairly uninhabitable" to "dangerously uninhabitable". foreigners aren't moving to rural Manitoba, they're all going to a handful of areas, most of which are in the furthers south parts of the country (e.g. Vancouver, and Greater Toronto), which also happen to have the mildest weather. Australia is seeing a similar trend -- influx of people, not much (viable) land. also keep in mind this demand is simply to keep up with population loss, and demand on the system for pensions, healthcare, and support for the Boomers. the Liberal party is ultimately still pro-capitalism, and they need to balance out these dying old people; "stonks only go up", so we need more consumption.

by nojvek 3y ago

opo 3y ago

>...Canada a population of 40M bringing in 1M population in an year was a terrible move. Do you have a citation for that number? Most sources say Canada takes in about 1/2 that: >...Currently, annual immigration in Canada amounts to almost 500,000 new immigrants – one of the highest rates per population of any country in the world. As of 2023, there were more than eight million immigrants with permanent residence living in Canada - roughly 20 percent of the total Canadian population. https://www.statista.com/topics/2917/immigration-in-canada/#topicOverview https://www.statista.com/topics/2917/immigration-in-canada/#...

wstrange 3y ago
BMO Economics: The government of Canada has overshot its immigration targets by 300% https://www.reddit.com/r/CanadaHousing2/comments/1at7nbq/bmo_economics_the_government_of_canada_has/ https://www.reddit.com/r/CanadaHousing2/comments/1at7nbq/bmo...
nojvek 3y ago
https://www.nytimes.com/2023/03/23/world/canada/canada-record-population-growth.html https://www.nytimes.com/2023/03/23/world/canada/canada-recor...

tmnvix 3y ago

> What causes more demand? - more people. Also, a speculative boom, cheap credit, and a burgeoning short term rental market among other things.

red-iron-pine 3y ago

the problem isn't the people, is that most of the country ranges from "fairly uninhabitable" to "dangerously uninhabitable". foreigners aren't moving to rural Manitoba, they're all going to a handful of areas, most of which are in the furthers south parts of the country (e.g. Vancouver, and Greater Toronto), which also happen to have the mildest weather. Australia is seeing a similar trend -- influx of people, not much (viable) land. also keep in mind this demand is simply to keep up with population loss, and demand on the system for pensions, healthcare, and support for the Boomers. the Liberal party is ultimately still pro-capitalism, and they need to balance out these dying old people; "stonks only go up", so we need more consumption.