Posted 12/10/2023, 12:00:00 AM
Unaffordable Housing Drives Recent Immigrants to Consider Leaving Canada
- Canada's high cost of living and rental shortages are causing immigrants who came seeking opportunity to now consider leaving
- Emigration numbers are rising, with over 42,000 departures in the first half of 2023 alone
- Immigrants cite unaffordable housing as the main reason, with costs claiming 50-100% of incomes in major cities
- Rapid immigration is exacerbating shortages and driving up prices faster than construction can keep pace
- The government has capped future immigration targets to try to ease pressure, but some say it's too little too late