… Which brings me back to the elephant in the room, which Housing hell never mentions: immigration.
In the long run, over decades and centuries, Canada can match housing supply to housing demand, regardless of whether the national population is 40 million or 400 million. But in the here and now, a surge in new arrivals, particularly since the pandemic – with one million new residents in 2022, and likely more this year – has introduced housing demand at a far faster pace than supply can be built.
It’s simple math. There’s no getting around it. And both the Prime Minister and the man after his job would rather not talk about it.
Finally.
