Posted 12/16/2023, 11:00:00 AM
Experts Call for New Approach to Balance Immigration, Housing, and Growth
- Wish for government to prioritize productivity growth and set GDP per capita targets in budgets to address Canada's weak economic outlook
- Lagging behind other countries in GDP per capita growth for over 2 decades despite both Liberal and Conservative governments
- Supersized immigration has stressed housing market; Canada needs to double+ housing starts to make homes affordable
- Tie immigration quotas directly to pace of housing construction instead of boosting immigration first
- Reversing course to link immigration to housing would help clarify the logic and tradeoffs between these issues for politicians and public