Ottawa’s lofty immigration targets are exacerbating Canada’s housing affordability crisis that could create an “unstable situation” while possibly jeopardizing the Liberals’ re-election, according to Bay Street economist David Rosenberg.
“A nation where folks in their 30s are crowded out of the housing market because of an elongated period of excessive home price inflation that is the result of federal government policy is not a very happy nation,” he said in his widely read Breakfast with Dave newsletter on May 3. “This will all come out in the wash in the next election, and if I were in opposition, this is the card I would be playing.”
In a sane nation the opposition would play that housing crunch card but this is Canada and we have a Uniparty not an opposition which is all in with ruinous mass immigration.
