557
Corporations hoarding homes thank Canadians for enthusiastically blaming immigration
(www.thebeaverton.com)
this post was submitted on 22 Aug 2023
557 points (97.8% liked)
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As someone who believes:
A) Housing investors collectively have made incredibly large amounts of money at cost of other Canadians.
B) Essentially every single level of government has done little to aid in housing/infrastructure developments. If not outright block them.
C) Given the other 2 issues aren't dealt with immigration is the only thing that can completely pivot overnight but we've only increased it.
I think the biggest issues is that in the last election 80% of voters seemed to think more of the same was okay. To be clear I'm talking about the people who voted for a party who's housing minister said that investor is helping the situation or the party's leader said the same or people who couldn't even be bothered to vote.
Canada's fertility rate hasn't been above the replacement rate in over 50 years and that is with immigration. It's currently at 1.4 (child per woman/family)
If you want to lower immigration rates, you're gonna need to increase birth rates unless you want to become the next Japan where the population is expected to halve within our lifetimes.
The issue is the supply of affordable housing, plain and simple, and there is no solution that does not involve the government intervening in the housing market in some form.
So what is wrong with a declining population, anyway?
An increasingly aging population. Less money from taxation to fund services, decreasing standards of living, more people dependent on a decreasing number of income earners, being in a nursing home without anyone available to care for you etc
A death spiral unless we can somehow manage to grow economically to compensate but even then the social outcomes arent great either.