New arrivals into Canada could hit 1 million this year, says economist, stoking housing demand higher than governments expect. Find out more
that an additional 3.5 million housing units needed to be built by 2030 to achieve affordable housing for everyone living in Canada. That’s on top of the 2.3 million units it expected to be built by that time at current rates of construction.
Tal argues that it’s not the number of new immigrants that should be used to calculate housing demand, but the number of new people coming into the country from abroad. And these numbers, he says, have been vastly underestimated. Also while the focus has been on new immigrants, non-permanent residents represent a larger share of new arrivals, said the economist.
CIBC calculates that the number of non-permanent residents arriving in Canada has grown from 258,000 in 2021 to 700,000 in 2022, a 170 per cent increase.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand men and women dominate while Canada teams struggle at HSBC Sydney Sevens - Terrace StandardNew Zealand men and women dominate while Canada teams struggle at HSBC Sydney Sevens
Read more »
New Zealand men and women dominate while Canada teams struggle at HSBC Sydney SevensSYDNEY, Australia — The New Zealand men and women both won their finals at the Sydney Sevens on Sunday to extend their leads atop the HSBC World Rugby Sevens…
Read more »
New Zealand men and women dominate while Canada teams struggle at HSBC Sydney SevensSYDNEY, Australia — The New Zealand men and women both won their finals at the Sydney Sevens on Sunday to extend their leads atop the HSBC World Rugby Sevens…
Read more »
New Zealand men and women dominate while Canada teams struggle at HSBC Sydney SevensNew Zealand men and women dominate Sydney Sevens
Read more »
COMMENTARY: New life for Helms-Burton, bad news for Canada | SaltWirePeter McKenna, a professor of political science at the University of Prince Edward Island in Charlottetown, provided the following opinion article. I ...
Read more »
National Gallery of Canada posts job for new director in the wake of controversial dismissalsThe National Gallery of Canada, in the glare of the spotlight in recent months following the dismissal of four senior staff members, has posted the gallery’s…
Read more »