What % of our population are we bringing in every year? It was always about 1%, which seems stable, but it seems far higher right now. I definitely think we need to pump the brakes on it a bit, affordability is a full blown crisis right now and everything seems to be making it worse.
We are now increasing at 1.1% in the last QUARTER alone. It is incredible how we border water, ice, and the wealthiest country on earth, yet are able to manifest an immigration crisis. They are all within government programs too. International students are a big share (less so in AB), and temporary foreign workers. The TFW are largely agricultural workers, but now a higher percentage are low wage, low skill labour (fast food chains, hotels, etc.) The government should've recognized that it is unreasonable to expect business as usual after the pandemic, there will be shortages, there will be issues.
The solution was not to bring in millions more people because businesses refused to pay higher wages then complain of a labour shortage. It is a myth that a labour shortage is a "shortage" at all. A healthy labour market should always be a little short on labour, that's how wages and living standard improve. Firms will also be more interested in investing in their workforce, see the National Bank report on labour capital stock. It's why in the US, where there is a shortage of labour, many low wage firms offer employees education funds, healthcare for part-time workers and other benefits beyond the wages they pay. I am not advocating for the US system, it is undoubtedly worse to be a low wage worker in the US because of the lower level of government support, but they're forcing employers to bear more of that burden.
This is also unfair for the immigrants that come here. My family came here as immigrants in the early 2000s. I benefited from the generous healthcare system, the schools that provided ESL and other services. we were able to live in a decent neighborhood with a decent standard of living. That is so far out of reach for immigrants and young people today. The low wage TFWs are also short on information, and invest a huge sum of their savings for a "Canadian Dream" that doesn't exist.
This level of population increase also hurts locals, in terms of healthcare, overcrowded schools, or having a family in the first place. I have friends in Toronto in their early 30s buying their first home, a 800 sqft apartment with 1 bedroom and a den. They are university educated, lawyers, business professionals, accountants, etc. yet they're not able to have a family probably until they're 40 or move 3 hours away from family and friends. I voted for this current gov when I was in university, so I guess I only have myself to blame, but the level of mismangement is quite baffling.
Canada's population was estimated at 40,528,396 on October 1, 2023, an increase of 430,635 people (+1.1%) from July 1. This was the highest population growth rate in any quarter since the second quarter of 1957 (+1.2%), when Canada's population grew by 198,000 people. At the time, Canada's...
www150.statcan.gc.ca
Loosened restrictions now allow many employers to hire twice as many migrant workers as before. In the first half of 2022, approvals to hire shot up by more than 60 per cent.
www.thestar.com
https://www.nbc.ca/content/dam/bnc/...-eco/etude-speciale/special-report_240115.pdf (you will note where the spikes and changes start taking place)