Here is a hot take. Most of our housing crisis was from people abusing our Student visa program. It was dishonest and corrupt from the getgo. The students were trapped in worthhless diploma mills and were not on a path to citizenship anyways.
We couldn’t build housing fast enough so we get rooming houses, soaring rents and investor driven real estate prices. Notice how rents and prices have fallen significantly since we stopped this. It’s not anti-immigrant. Its closing a loophole. We needed to catch a breather.
Real schools still have large cohorts of real students from international sources.
We still have abuse of the TFW program to deal with. Kids still can’t get jobs because employers prefer the abuseability of TFW.
I agree that the TFW is being heavily abused and that’s something that hasn’t been closed off since Trudeau and will continue under Carney.
However, I don’t think broke students were fueling the 3200/month condo studio crisis. More likely that they were shacking up 5 to a room in the burbs in someone’s non compliant basement unit.
Rent prices and development dropped because everyone is broke and holding onto their money during precarious times (it’s also more profitable to invest in stocks than real estate) - correlation of a drop in immigrants is not causation of drop in prices.
Here is a hot take. Most of our housing crisis was from people abusing our Student visa program. It was dishonest and corrupt from the getgo. The students were trapped in worthhless diploma mills and were not on a path to citizenship anyways.
We couldn’t build housing fast enough so we get rooming houses, soaring rents and investor driven real estate prices. Notice how rents and prices have fallen significantly since we stopped this. It’s not anti-immigrant. Its closing a loophole. We needed to catch a breather.
Real schools still have large cohorts of real students from international sources.
We still have abuse of the TFW program to deal with. Kids still can’t get jobs because employers prefer the abuseability of TFW.
Its long past time to fix these problems.
I agree that the TFW is being heavily abused and that’s something that hasn’t been closed off since Trudeau and will continue under Carney.
However, I don’t think broke students were fueling the 3200/month condo studio crisis. More likely that they were shacking up 5 to a room in the burbs in someone’s non compliant basement unit.
Rent prices and development dropped because everyone is broke and holding onto their money during precarious times (it’s also more profitable to invest in stocks than real estate) - correlation of a drop in immigrants is not causation of drop in prices.
But the investors who buy those lucrative rooming houses do.
So, is it the broke students or greedy investors?
Why the “or”?
Edit: one creates the excessive demand, the other exploits it.
I think you may be reading a bit too much right wing news.
Supply and demand too right wing for you?