this post was submitted on 24 Oct 2024
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New immigration plan aims to stabilize population growth, housing market: minister (www.cbc.ca)
submitted 3 weeks ago by [email protected] to c/[email protected]
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Government says the levels plan will result in a 0.2 per cent population decline over next 2 years

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[–] [email protected] 5 points 3 weeks ago

The new immigration levels plan will cause a 0.2 per cent population decline over the next two years, a government press release said. It said the plan will also "reduce the housing supply gap by approximately 670,000 units" over the next few years.

We have 41m people. A 0.2% decline is around 82,577 people. So the 670,000 fewer units isn't relative to the current supply, it's relative to what the demand would have been.