Higher costs and home costs results in lower birth rates. Lower birth rates results in needing more immigrant labour to fill positions. Higher immigration results in higher home costs.
A few years ago everyone was saying it was foreign owners who don’t live in Canada that was driving up prices. Then when foreign ownership was banned and taxed to bits, the prices continued to go up and it was revealed that corps and Canadian investment buyers were the issue.
But at the core it doesn’t change anything, because we still just need more housing inventory and there’s a construction gap.
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It’s a negative cycle.
Higher costs and home costs results in lower birth rates. Lower birth rates results in needing more immigrant labour to fill positions. Higher immigration results in higher home costs.
A few years ago everyone was saying it was foreign owners who don’t live in Canada that was driving up prices. Then when foreign ownership was banned and taxed to bits, the prices continued to go up and it was revealed that corps and Canadian investment buyers were the issue.
But at the core it doesn’t change anything, because we still just need more housing inventory and there’s a construction gap.