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this post was submitted on 13 Nov 2023
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Canada grew by one million people last year. House prices and rent are going to keep going up at insane levels as long as the policy remains extremely high immigration. This is basic supply and demand. Let us hope that people vote for change.
For this to be true all immigrants would have to be wealthy enough to be able to scoop up all supply of homes in Canada. This just can't be the case considering the refugee status of many immigrants.
A complex problem like this has significant other factors including speculation, reduction of public housing, inflation.
We should welcome more people, and continue our Canadian values of supporting those in need through out the world. Learn some compassion for your fellow human beings, or go to Florida, where you can be surrounded by like minded people.
No. They simply increase demand. They scoop up rentals, causing rent to increase. Then landlords get richer and buy more properties. And we don't build the required amount of houses for the amount of immigrants we have.
It's not the immigrants fault, in fact they are the victims of being scammed into moving here.
No, it would require them to rent houses. Investors buy all the houses because they can reliably rent them. If they couldn’t, their business case would be completely different. They wouldn’t be buying houses, and they certainly wouldn’t be paying so much.
Further to this, so many renters places upwards pressure on rent prices.
Then we have to accept that some consequential proportion of immigrants do indeed buy houses, and place upward pressure on house prices.
We agree it’s a complex system, but I do not agree with your implied argument that supply and demand doesn’t exist for housing in Canada. Clearly it does, and higher demand increases both rent and housing prices.
Not sure how you could figure this was at all implied. What was implied was that you are hateful of people not like you, and essentially making the "they took our jerbs" argument but for houses.
The vast majority of immigrants to Canada (~84% from 2016-2021 according to statcan) were not admitted as refugees
Yeah ok, that jives with this https://www150.statcan.gc.ca/n1/pub/75-006-x/2023001/article/00006-eng.htm, next time save me the time and backup your stats
Lol "save me time" go fuck yourself buddy