Canada To Raise Immigration To 350,000 A Year

[Economy 52,861]

https://www.google.ca/amp/s/www.thestar.com/amp/news/gta/2019/05/03/immigration-key-to-canadas-economic-growth-study-says.html

 

Recently immigration was raised from 250,000 a year to 300,000

 

This year it will be 330,000

 

By 2021 it will be raised to 350,000 to help offset aging population and low birth rates

[gumzy3000 7,901]

That’s great news but I also hope the government invests more into helping these immigrants attain education, English classes, and other resources that can make them integrate successful into Canadian society. 

[Economy 52,861]

Just now, gumzy3000 said:

That’s great news but I also hope the government invests more into helping these immigrants attain education, English classes, and other resources that can make them integrate successful into Canadian society. 

Yeah... 

 

Fixing the housing crisis is imparative too. Absorbing more population when housing supply is in acute distress is a serious issue

 

Canada's population grew over 500,000 last year

 

Home builders cannot keep up despite very high home prices because Canada's strict zoning laws and slow approval processes slow the pace of construction

 

In Toronto for example a new condo project can take up to 10 years to be approved

[calmar 22,768]

Yeah with the housing crisis going on, this just seems like another green light as the train heads straight for the concrete wall. But hey, I'd love to live in Canada provided it conquered a Caribbean island and I moved down there, since I hate cold and snow.

[Economy 52,861]

Just now, calmar said:

Yeah with the housing crisis going on, this just seems like another green light as the train heads straight for the concrete wall. But hey, I'd love to live in Canada provided it conquered a Caribbean island and I moved down there, since I hate cold and snow.

It's so bad. My wife an I planned to leave her parents basement and every single building in our city had no vacant apartment

 

And when u see a basement or house up for rent by the time u see the ad and call it's taken

 

My grandparents 110 year old house in Toronto is valued around $1.2M to $1.4M

 

At least the new stress tests put in last year finally stopped prices from surging cuz it's so hard to qualify for a mortgage now but it made the rental market even more heated

 

Seriously the 1950s saw faster population growth than this and housing wasn't so expensive. The government needs to do a serious sit down review of why housing supply can't keep up with population growth no matter how profitable it is to build

 

In the US after 5 or 6 years of housing boom so much supply came in that prices fell by 2007/2008. Here in Canada 18 years of home price appreciation isn't fixing supply