Not true at all. Not what the CMHC said or the banks said. The most basic law of economics is the law of supply and demand. If you import more people demand goes up thus prices. It does not get any simpler then that. Got to get out of the mindset we got to build more houses, we need to first stop rapid population growth. If a gas tank is leaking the Liberal government is saying to pour more gas but it still leaks and the gas drains, I am saying to seal the leak first.
Research report - Immigration and housing prices across municipalities in Canada
www.canada.ca
^^^^ Even on the Federal government website it says the same thing. Trudeau knew this would happen and he did not care. All he cared about was never ending GDP growth.
This was from AI ->
Yes, the Canada Mortgage and Housing Corporation (CMHC) has consistently identified unprecedented population growth, driven heavily by high levels of immigration, as a primary driver of rising housing and rental costs across Canada.
This dynamic is not uniform across all regions; its effects vary depending on local market conditions:
- National Demand & Supply Gap: Rapid demographic expansion quickly outpaced the country's housing supply. CMHC has emphasized that Canada's housing construction would need to nearly double to restore affordability to pre-pandemic levels.
- The Montreal & Quebec Context: While historically more affordable than cities like Toronto or Vancouver, Montreal has seen average rents surge over the past decade. This is due to a combination of sustained population growth, increased construction costs, and the local market catching up to other major Canadian urban centers.
I know many hardcore Liberal voters will say whatever to defend their party but the cold hard facts does not change.