this post was submitted on 12 Mar 2024
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From a housing perspective, yeah, there are currently too many. That's a policy failure not related to immigration itself though. The housing problem could be easily solved and then this level of immigration would make sense.
I mean depends on how you define easily.
Even assuming infinite money, Canada has built roughly the same number of houses per year since the 90s. This means we have roughly the same number of skilled and experienced carpenters, roofers, plumbers, etc that work in new builds.
This means that if tomorrow we passed legislation eliminating every single bureaucratic red tape AND convinced developers to build everywhere they have land to do so, we would take years to catch up with the point where our houses:population ratio is back among the rest of the western world.
Near me there are TONS of empty places, the developing is not the issue. Nobody can afford them. Hell I don't even own and the place next to me sat empty for 3 months because it was going at an absurd rent for the size.
I agree that's part of the problem, but see my comment below. Stats show we have an all time low for housing:people compared to our past and compared to most other western countries.
To fix it, for sure we need scaling property tax rates and higher empty/vacant housing taxes, but my point is that even if we forcibly removed 2nd or 3rd houses from every single person/corporation, as well as taking any empty/vacant housing, and distributed it, we still wouldn't have enough to be on par with our historical rates OR other western nations