Hacker News new | ask | show | jobs
by fwungy 1108 days ago
Housing prices in Canada are ridiculously high now and locals cannot afford to get into the housing market in major cities.

Canada has started to ban outside investors from buying homes in certain areas[0].

Canada is also experiencing record high inflation[1].

Low skilled immigrants require major government assistance. The government will simply print money to handle their housing and services as needed. Trudeau is not popular, and most Canadians are not happy with the direction of the government, but if you're a poor immigrant it's an amazing deal if you can get there.

[0] https://www.cnn.com/2023/01/01/business/canada-bans-home-pur...

[1] https://www.cnbc.com/2022/06/22/canada-inflation-rises-to-ne...

1 comments

The housing prices have little to do with immigration and everything to do with nimbyism, bad zoning practices, and indirectly, wealth inequality (which ends up being pressure for a capital biased landlord nimbyism in real estate)