Opinion: We also learned last month that Canada’s five biggest banks are helping to keep house listings at record lows.
Back in 2015 and 2016, home prices in Vancouver and Toronto skyrocketed to record highs. Much of the attention was on foreign wealth being parked in real estate. Housewives and students were buying multi-million-dollar homes in Vancouver.
… But it’s not just housing. Economists are beginning to see warning signs in another gauge: rising population isn’t coming with a commensurate increase in economic output.
According to data released by the International Monetary Fund last week, Canada’s population growth will help fuel the biggest increase in national income among G7 countries over the next six years, but our economy will also see the smallest increase in GDP per capita.
A wave of humanity is starting to tame the jungle by trampling it, and the Biden administration is not prepared.
The most important barrier to illegal entry to the United States is so impassable that only one normal car has ever crossed it. Sixty-two years ago, a Land Rover made the journey. And it took five months to do so, crawling along at just over a tenth of a mile per hour. This barrier is guarded ferociously day and night, with truly deadly sentries who are indifferent to human life. And it’s not even on the American border — it is the no-man’s land that exists between Central and South America, the Darien Gap between Panama and Colombia. It is the only place between Prudhoe Bay in Alaska and Ushuaia, Argentina, the world’s southernmost city on planet Earth, that cannot be driven over.
Closing the Canada-U.S. border to asylum seekers is projected to cost Canadian taxpayers at least $60 million over 10 years. But that analysis doesn’t include costs for the Mounties to beef up “challenging” enforcement efforts.
In March, Ottawa and Washington expanded a bilateral agreement to turn back irregular migrants trying to cross into the other country for protection, but a cost-benefit analysis has only been recently published in the Canada Gazette.
Canadian polls show young adults are drifting away from the federal Liberal party. It seems they’re slowly figuring out that Prime Minister Justin Trudeau, despite his sympathetic rhetoric, is working against their dream of buying a first home.
While it’s taken a while for young and old to realize it, top bankers, retired civil servants, housing analysts, former property developers and housing activists are now declaring the Liberals are directly causing house-price inflation.
The retired head of B.C.’s civil service, Don Wright, recently wrote a piece titled, “Will Trudeau make it impossible for Eby to succeed?”
It explained how B.C.’s effort to reduce housing prices and build affordable dwellings “will be largely hostage to the federal government’s immigration policy.”
Wright, an economist, said Trudeau’s government routinely raises the “almost entirely fallacious” argument that Canada has a labour shortage to justify welcoming a record 438,000 new permanent residents in 2022, while adding another 680,000 non-permanent residents, including foreign students and other guest workers.
Ask a Canadian why the government is increasing immigration and more often than not they will tell you: “to grow our economy.” Ask an economist and you’ll rarely get that answer.
Boosting the economic well-being of a population is indeed a worthwhile objective of immigration, but that requires more than simply making the economy bigger.
India’s economy is 60 per cent bigger than Canada’s and Switzerland’s is 60 per cent smaller. Is India’s economy what we are aiming for? Making the economic pie as big as possible is clearly not the objective. What matters is the size of the average slice when the pie is divided by the population.
It’s a great policy if your goal is to treat citizens like shit. Canada’s China Class loves it.
Housing affordability has metastasized from a Toronto and Vancouver problem to a national crisis. Double-digit rent increases have hit traditionally more affordable communities coast to coast, and the cost of home ownership remains persistently high amid rising interest rates. One of the main reasons for the lack of affordability, according to our recent report, is the misalignment between Canada’s different levels of government.
The article is crap, they want your house, they want you poor and desperate to work for any wage.
“I detest the fact that important news stories nowadays cannot reliably be found from legacy MSM sources but require also looking at alternative sources like Revolver.news or independently curated Social Media feeds.
On VDARE’s Gab thread today I found Coffee harvest plunges amid Central American exodus, Bangkok Post, Feb 23, 2023…”
h/t O
Mosque officials call on Ford government to combat Islamophobia after ‘shocking’ hate-motivated attack in Markham, Ont.
The Mohammedans are asking Ford to protect them from the spillover into Ontario of the interfaith Hindu-Muslim conflict currently roiling India.
We also have the India-Khalistan conflict to contend with on our shores, several Hindu temples have been vandalized recently.
And the anti-Israel Jihad is now mainstream in “polite circles.”
And don’t forget the problems with our Communist China sympathizers.
Ain’t multiculturalism grand?
Canada has been reduced to a balkanized state of multiple 5th Columns.
Thank the Uniparty.
President Joe Biden’s latest northern border deal with Canadian Prime Minister Justin Trudeau has a major loophole that allows for some illegal migrants to skirt expulsion, according to an internal Department of Homeland Security (DHS) memo exclusively obtained by the Daily Caller News Foundation.
Police investigating the drowning of eight people attempting to cross a river between Canada the the United States are searching for a man believed to be linked to people-smuggling, as new details of the victims emerge.
The bodies of eight people, including two young children, were discovered last week along the marshy banks of the St Lawrence River near the Mohawk community of Akwesasne, which spans Quebec, Ontario and New York state.
The Akwesasne Mohawk police service said on Sunday it was continuing a search for resident Casey Oakes, last spotted boarding a boat similar to the one located near eight drowned migrants.
Several arrest warrants requested after video emerges which appears to show guards leaving as fire engulfs a cell with migrants locked inside
The deaths of at least 39 migrants in a fire at a Mexican detention centre are being investigated as suspected homicides, a prosecutor has said, accusing those in charge of doing nothing to evacuate the victims.
Authorities faced mounting scrutiny of their handling of the disaster after video surveillance footage appeared to show guards leaving as flames engulfed a cell with migrants locked inside.
An investigation was opened “for the crime of homicide and damage to property,” though other possible crimes will also be considered, Sara Irene Herrerias, a prosecutor specialising in human rights, said.
A third of Chinese Canadians believe Beijing meddling in elections, pressuring Canadians: poll
Just over a third of Chinese Canadians believe the government of China has tried to interfere in elections here and pressure Canadians in pursuit of its political aims, suggests a new Postmedia-Leger poll of an ethnic group at the centre of the foreign interference affair.
… At the same time, more than half thought suggesting certain Chinese-Canadian politicians are under Beijing’s influence is racist.
As discussion and debate rages over allegations of meddling by Beijing in Canadian affairs, much attention has turned to the country’s 1.7 million or so residents of Chinese descent.
No punches pulled those numbers indicate a clear danger to our society.
Our Politicians have remade Canada into a balkanized 5th Columnist state via mass immigration, multiculturalism and the denigration of our nations values and heritage.
Playing identity politics with Canada’s security is a vile and dangerous practice that all our political parties engage in.
Down with the Uniparty.
MEXICO CITY (AP) — Migrants fearing deportation set mattresses ablaze at an immigration detention center in northern Mexico, starting a fire that killed at least 40 people, the president said Tuesday, in one of the deadliest events ever at a Mexican immigration lockup.
Hours after the fire broke out late Monday, rows of bodies were laid out under shimmery silver sheets outside the facility in Ciudad Juarez, which is across from El Paso, Texas, and a major crossing point for migrants. Ambulances, firefighters and vans from the morgue swarmed the scene.
"1m people flooded into Canada, putting strains on infrastructure, esp housing. Ottawa opens up the #immigration floodgates and then tells the provinces & municipalites to figure out housing… It’s not going so well," says @SteveSaretsky
We avg 200k new housing completions/yr pic.twitter.com/6bvh8kbMl3
— DouglasTodd (@DouglasTodd) March 27, 2023
