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by Teever 615 days ago
The current immigration minister of Canada disagrees with that assessment.[0]

[0] https://www.cbc.ca/news/politics/immigration-housing-crisis-...

1 comments

At the bottom of the article you linked: "Hulchanski said that focusing on immigration as a cause, and promising to reduce it in order to bring housing costs down, is 'just another way of avoiding the real discussion, that we need systemic change.'"

Focusing on immigration is convenient (riles up nativists and doesn't threaten entrenched interests), but it is not what is causing the housing crisis or inflation

Mass importation of cheap labor and rent serfs certainly does have an effect on worsening the cost of housing for citizens. It's simple supply and demand economics. To dismiss criticism of the current human quantitative easing that's occurring as merely nativism is reductive. The smart money is buying property because they know there will always be demand for it. Adding over 1 million people a year to the nation ensures that their investments will remain profitable. People talk about systemic change but I wonder what that would be. Effective policies that would have prevented this situation would have been a reasonable immigration strategy coupled with stricter application of money laundering penalties, but that horse is out of the barn now.
"David Hulchanski, a professor of housing and community development at the University of Toronto's Factor-Inwentash Faculty of Social Work" is not the current immigration Minister in Canada.

Marc Miller is the current immigration Minister and you can see his comment on immigration in the video on that link.