“… Canada may be the worst country in the oecd when it comes to the disconnect between home prices and incomes,” says Mike Moffat, an economist who has briefed Mr Trudeau’s cabinet on the housing crisis. Canada has the lowest housing supply per person of any g7 country. Mr Moffat thinks a “wartime effort” is needed to build almost 5.8m homes over the next decade, more than double the rate achieved in any previous decade.
Migration is also hurting the prime minister. This year Canada’s population surpassed 40m people for the first time. Nearly all of the rise was caused by migration: Canada welcomed 432,000 newcomers in 2022, the largest number ever. Mr Trudeau wants to boost this number more. The government has a target of an additional 465,000 immigrants this year, increasing to half a million in 2025. Although most Canadians remain pro-migrant, they are less sure of Mr Trudeau’s plans, particularly in light of the housing crunch. Some 61% of those asked in a recent poll think the migrant target is too high.
Pro-Khalistan Canadians stage a mass demonstration against India. pic.twitter.com/QPvDfclRpf
— Catch Up (@CatchUpFeed) September 26, 2023
