If Ottawa is successful in implementing the new population limits, the housing supply gap would stand at 658,000 units in 2030, the PBO said Friday.
The federal government is slashing its immigration targets for the next three years, with Prime Minister Justin Trudeau saying the previous targets 'didn't get the balance right.' The goal of the new targets is to freeze population growth and stabilize the housing market. However, not everyone thinks these cuts are the right thing to do. Joining us now is policy research manager and interim spokesperson at the Surrey Board of Trade Jasroop Gosal.
The PBO said it judges there is “significant risk to the demographic projection” tabled by the Liberal government, particularly as it relates to the number of non-permanent residents expected to leave the country in order to hit those targets. and pointed to what he said were record levels of removals of temporary visa and work permit holders who choose to stay illegally.Asked if that means more resources, including additional Canada Border Services Agency officers, Miller said, “that’s how it works.”
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