Prime Minister
Justin Trudeau says he knows young people are frustrated with him, and chief among those frustrations is the high cost of housing, which has left many young people feeling home ownership is out of reach.
However, Trudeau denies critics who suggest the federal government only began taking the
housing file seriously in the last few months.
Prime Minister Justin Trudeau says it will take all levels of government working together to address the housing crisis as Canada's population crosses the 40 million threshold.
apple.news
Because it’s 2015-ish…
When pressed on Ottawa’s role in immigration-related strains, Trudeau said it’s a matter of working with all stakeholders?
Stakeholders???
“Of course, we all bear responsibility. This is a challenge that we have to work on all together,” Trudeau said.
Even though the Trudeau government has made no secret of dialling up immigration to historic highs, the latest Statistics Canada figures on population growth are still jaw-dropping. In just three months (from July 1 to Oct. 1),
Canada added an extra 430,635 people – only four per cent of which could be attributed to births. For just the first nine months of 2023, Statistics Canada noted that the country had seen a higher level of population growth than “any other full-year period since Confederation in 1867.”
Naturally, you can’t add this many people all at once without it having knock-on effects. And there is good evidence that the immigration surge is a prime contributor to the skyrocketing cost of Canadian housing. It’s also cancelling out almost all of Canada’s post-pandemic job growth. In November, the country added 25,000 jobs, but unemployment went up anyway because so many new immigrants had joined the work force. “Growth in the population continued to outpace employment growth,”
wrote the Statistics Canada Labour Force Survey.
Say that you carved out an uninhabited piece of Northern Saskatchewan and between July 1 and Oct. 1 you directed every single newcomer to move there and found a new city. By Oct. 2, that would be
Canada’s 11th largest metro area; larger than Victoria, Halifax, Windsor or Saskatoon.
In 2014 — the last full year before the election of Justin Trudeau — Canada brought in 260,400 immigrants. And that was really high for the time. As Statistics Canada
noted, it was “one of the highest levels in more than 100 years.” The figure easily ranked then-prime minister Stephen Harper as the most pro-immigration conservative leader on the entire planet.
A mere nine years later, 260,000 is a drop in the bucket. At current rates, that would account for just 52 days’ worth of immigration.
According to the absolute best-case scenario (his Housing anAcceleration Fund) envisioned by Trudeau Liberal planners, this fund
could build 100,000 new homes by 2025. If each of the homes end up being occupied by three people — the average Canadian household size — this means that the Trudeau government’s signature homebuilding policy will only provide enough shelter space for approximately 60 days’ worth of new migrants.
One particularly telling statistic from last year was that Canada brought in roughly the same raw number of migrants as the United States — a country 10 times the size (and one with far more reasonable real estate prices)…And that’s despite the fact that U.S. net migration is
hitting ten-year highs.
Naturally, you can’t add this many people all at once without it having knock-on effects
apple.news