Economists are raising some red flags about Canada\u0027s accelerating immigration numbers as stresses grow in the housing market. Read more here
Canvass Conservative members of Parliament and you get little sign of distress over the Liberal government’s efforts to drive up immigration flows.
But it’s not just housing. Economists are beginning to see warning signs in another gauge: rising population isn’t coming with a commensurate increase in economic output.last week, Canada’s population growth will help fuel the biggest increase in national income among G7 countries over the next six years, but our economy will also see the smallest increase in GDP per capita.
In other words, our economy will grow fast but our actual living standards will stagnate. It’s a very peculiar phenomenon and it will be hard to sustain.Article content Weak productivity is deep rooted in Canada. Perhaps we’re paying the price for being too reliant on housing over the past decade. Or there’s something particular about the sharp increase in foreign students or temporary foreign workers that is skewing the numbers and will soon correct.
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