… The 3.45 million new units across the country would be in addition to the 1.68 million that are expected to be built by 2030 if the pace of construction remains the same. That would amount to a total of 5.2-million new housing units and comes as the federal government has faced increased criticism for ramping up immigration targets without an apparent consideration for housing needs.
That ain’t gonna happen.
Canada still needs another 3.5 million housing units by 2030 on top of what it’s on track to build by that point, a new report says.
But an economist for the Canada Mortgage and Housing Corp. (CMHC), which authored the report, says this goal may not even be attainable.
Canada’s Immigration Boom May Be Ending, Permanent Resident Applications Plummet
Canada’s recent population boom seems like it’ll last forever, but reality may arrive soon. Government of Canada (GoC) data reveals a sharp drop in permanent resident applications in July. The direct impact on population growth is minor, since temporary residents drive growth. However, continuing to attract temporary residents will be difficult once they encounter the conditions turning people away.
There has been an ongoing years long decline in the number of permanent resident applicants. Trudeau’s incompetence is turning Canada into a shithole state.
