The affordable housing crisis across the country is a trainwreck that could derail immigration targets, experts say
Canada’s plan to open its doors to hundreds of thousands of immigrants will be a “trainwreck” if the Trudeau Liberal government does not come up with a comprehensive housing solution for the newcomers who are needed to fill jobs in the country, experts say.
Analysing the data for New Canadian Media, Nanos said the relatively high public support for increased immigration gives the Trudeau government space to boost immigration targets. “It’s a valid point for Canadians to say that ‘I can’t even afford my own rent and I’m struggling to pay my mortgage and think we’re bringing more people into the country, where do they get to live?” Nanos said.
The report, published in February, said strong public support for immigration is predicated on Canadians’ perception that newcomers are contributing to prosperity and well-being rather than competing for scarce resources or services. Since access to affordable and suitable housing is already a crisis in many Canadian communities, the report concludes that some people worry that immigration targets could worsen the problem.
“We saw the biggest price boom during the pandemic — even though immigration, population growth, and foreign buying plummeted,” Iqbal wrote. “Yes, prices have fallen since the pandemic boom, but have they fallen enough for markets to accommodate nearly 1.5 million new residents? I would argue not.”
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