Friday, February 5, 2021

Government Does Not Track Nor Confirm How Many Are Living In Canada; Population is Higher Than Anyone Thinks: It Is a Housing DEMAND Issue Not A Housing SUPPLY Issue

 "...Government data don’t accurately measure the number of residents whose visas have expired but who legally remain in the country. On top of that, they believe the number of returning Canadian citizens in 2020 was 60,000 more than suggested by official estimates.

...The government is planning to bring in 401,000 new permanent residents this year, partly by opening pathways for temporary residents such as students and foreign workers to stay permanently.

The government’s desire to make up lost ground on immigration “means that population growth and demand for housing, particularly in urban centres, is coming back,” Tal and Mendes said."

http://www.bnnbloomberg.ca/cibc-sees-canada-s-suburban-flight-subsiding-when-pandemic-ends-1.1558931



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