this post was submitted on 11 Jul 2025
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Housing prices rose because we brought in 1.4 million people in a single year and tripled immigration, blaming capitalism for that seems a bit silly. Trying to implement price controls is great but how do you decide who gets the cheaper house, you've done nothing to improve the supply while the demand continues to increase.
You shouldn’t blame the immigrants or the Feds for that cockup. That is ENTIRELY on the Provinces.
We need more people, especially young, working professionals who produce high-value products. We have an aging population that is barely having babies at replacement level, and we need younger taxpayers coming into the system to help keep it propped up. We’re currently top-heavy in terms of demographics (thanks to the Boomer generation being the largest generation in at least the last two centuries), so we need those people otherwise the shit is going to hit the fan WAY worse than a housing crisis.
The Provinces knew the Feds were going to bring in more people. They knew we needed more housing. But many of them listened to the NIMBY’s of this world (or thought they could stick it to the Feds and make them look bad) and so did little to nothing to improve the housing situation.
Housing is nearly 100% a Provincial affair in Canada. You should absolutely be angry about the situation — but the bad guys here aren’t the Federal Government, and it isn’t the immigrants themselves. It’s the Provinces (and through their jurisdiction the Municipalities) who have been ham-stringing housing development.
Oddly enough, the situation will eventually work itself out as more of the Boomer generation die off (or downsize). Although I suspect it’s going to be a long, slow ramp-up with a smaller cliff at the end (unless immigration is raised again to match the death rate).
I don't disagree that they share blame however things were going fine prior to tripling immigration, was it not?
It was the Feds that changed the status quo in a rather static ecosystem, and I have a propensity to blame the direct catalyst that lead to the shortage rather than those who failed to adapt at breakneck speeds. Surely building the homes first would be the rational order of operations.