National Bank economist considers ‘housing affordability Armageddon’
joshhsoj1902 @ joshhsoj1902 @lemmy.ca Posts 2Comments 228Joined 2 yr. ago
joshhsoj1902 @ joshhsoj1902 @lemmy.ca
Posts
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2 yr. ago
Last year was the first outlier year in decades. If ignore last year our population growth rate (births & immigration) has been pretty flat for decades.
This isn't a new problem and it's not now being caused by immigration. Provinces have been massively under investing in infrastructure for decades and the federal government can't force them to start projects.
The current situation is essentially exactly what Canadian conservatives want, they control most of the provincial governments, and continue to cut spending on infrastructure & social programs. Then conservative media is blaming the failures on the federal government even though the federal government can only actually help if the provinces asked for it, and they have no reason to.
It's incredible how effective the conservative owned media is at spinning a story.