Donald Wright: The first step in solving Canada’s housing crisis? Implement a non-delusional immigration policy

Source: Difficult-Yam-1347

2 Comments

  1. FromundaCheeseLigma on

    Can we just finally start acknowledging that all of this has always ever been about wage suppression and wealth preservation? Any other problems caused by a horrible immigration policy are just along for the ride.

    This was absolutely deliberate

  2. Difficult-Yam-1347 on

    Points:

    Determining how much to reduce immigration depends on:

    • Desired pop-to-house ratio.

    • Target date to achieve ratio.

    • Number of houses Canada can construct over time.

    Scenario calculations suggest:

    • Re-establishing the 2021 population-to-house ratio by 2031 [this was already bad]

    • Building houses in 2024–31 at the same rate as 2016–23.

    • The 2016–23 period had the highest 8-year housing completions since 1975–82.

    • Uncertainty exists if this construction rate can be sustained due to industry stresses.

    • Based on this scenario, Canada needs to limit new PRs and net increase in NPRs to an average of 175,000 per year until 2031.

    • This is a significant reduction from the 640,000 per year average over the past 5 years.

    • The federal government plans to limit NPRs to 5% of the population.

    • Under this plan, a net reduction of 680,000 NPRs by 2031 would occur.

    • This allows for an average increase of PRs of 270,000 per year, nearly halving current target of 500,000.

    • The average annual increase in PRs before the current government was 255,000 per year.

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