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Old Posted Jan 28, 2022, 6:03 AM
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WhipperSnapper WhipperSnapper is offline
I am the law!
 
Join Date: Sep 2002
Location: Toronto+
Posts: 22,066
Yeah, raising immigration year over year when housing is ridiculously expensive in the places the majority of immigrants locate makes no common sense. It does nothing for increasing stagnant wages in these places because there is always someone more desperate to work for less. It's crazy how low wages are in Toronto compared to US backwaters where a 2,500 square foot house is $100,000. It doesn't help the places desparate for workers either because few go there. Building more housing will not help the plight of new immigrants because they can't afford the rents with what they make.

There's a gazillion housing units awaiting zoning approval. fortunately, there's enough that have zoning approval too. The supply chain and raising funds are much bigger hurdles than some single family subdivision to doubling housing starts.

We need to break the cycle of flipping to the next guy
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