The Cure for Canada's Housing Crisis? Boost Immigration!
(media.communities.win)
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I mean, you don't even have to deport them.
Just stop immigration for 5 years; total lockdown for a clearly fixed period.
We have (barely) enough housing for the people currently here and we can build more in five years, creating surplus and bringing the prices down. Done.
After that, simply set the maximum immigration rate to the difference between births and deaths and we'll never need to worry about housing ever again.
No Canadian politician will ever intentionally do anything that causes house prices to go down, unfortunately.
They have to go down eventually; the Canadian real estate market is a massive bubble right now.
The question is: will politicians try to pop it now, let the air out as slowly as possible, or just keep on pumping it up until it takes out our entire economy?
This is, once against, exactly the same in Australia and NZ…
Almost like it’s a coordinated effort… 🤔