Regarding the first point, I'm wondering if you have thoughts on why this level of immigration might be advantageous economically - enough to offset the rising costs of housing and the potential negative impact of a correction or crash on Canada, specifically?
I don't think currently the benefits necessarily offset the risks created by rising house prices. Indeed, immigration is one of the reasons house prices are rising. However, if we manage to build more housing supply immigration will be very beneficial overall. There are important economic and geopolitical reasons Canada needs larger skilled population.
Regarding the first point, I'm wondering if you have thoughts on why this level of immigration might be advantageous economically - enough to offset the rising costs of housing and the potential negative impact of a correction or crash on Canada, specifically?
I don't think currently the benefits necessarily offset the risks created by rising house prices. Indeed, immigration is one of the reasons house prices are rising. However, if we manage to build more housing supply immigration will be very beneficial overall. There are important economic and geopolitical reasons Canada needs larger skilled population.