Opinion: As migration causes Canada\u0027s population to soar, housing construction is failing to keep up
Friesen said service providers are increasingly talking about how the country’s “absorptive capacity” for newcomers is stretched. It’s not only affecting newcomers, he said, but Canadian-born residents, too.showed immigrants bought 78 per cent of the homes purchased in Richmond in 2018, and more than 65 per cent of the dwellings bought in Surrey and Burnaby. Newcomers bought more than 40 per cent of homes in Vancouver, North Vancouver and New Westminster in 2018.
Permanent and non-permanent residents who arrived in the past five years alone now account for 14 per cent of Metro Vancouver’s population, eight per cent of all homeowners and 25 per cent of all renters. The vice-president of the Vancouver Board of Trade, David van Hemmen, said B.C. businesses are having difficulty attracting talent because of the alarming cost of housing. Some businesses, he said, are moving operations to Alberta or Washington state, to avoid B.C.’s daunting land costs.While panelists and delegates consistently said the country should welcome newcomers, some civic officials who went to the microphones remarked on how Ottawa’s migration targets are “aggressive.
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