If Canada’s population boom continues at its current frantic pace, interest rates will face upward pressure and the massive influx of people will significantly worsen affordability for homebuyers and renters, a new report from TD Bank warns.
And the bank’s economists are calling on the federal government to restore “balance” to its immigration policies.
That rapid growth has helped employers fill job openings and propelled Canada to become the fastest growing economy in the G7, but it is also causing “dislocations in other segments of the economy,” including the housing market, health care, social services and infrastructure, that threaten to undo the benefits, the report’s authors warn.
It’s pretty bad when even the porkers of Canada’s corporate class are saying STOP.
People can’t afford rent never mind even dream of owning a home but Trudeau always has money for Corpoarate welfare cases if it “advances” his green-scam.
