Canada\u0027s population is booming, but has the influx has gone too far, too fast, ask economists. Read more
“For years, economists had been warning that aging demographics would throw the economy off-kilter by straining economic growth, tax revenues and the social system,” the report said.
TD estimates that if the high-growth strategy continues it will widen the housing shortfall in Canada to 500,000 units in just two years, despite government efforts to increase supply. The rapidly growing population increases demand which, in the short-term at least, supply struggles to meet, causing prices to rise.will be 50 basis points higher than it would have been under prior assumptions on population growth.
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