Canada’s explosive population growth went from a boasting point to liability in less than 3 years. The Government of Canada (GoC) announced on Thursday they will be implementing a limit for temporary residents in the coming years. This comes as the economic boom driven by immigration fades, leaving behind an oversupply of labor and undersupply […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Fall Even In Optimistic Scenario: Scotiabank One of Canada’s largest banks doesn’t see rate cuts boosting home prices by next year. Scotiabank’s forecast, filed with its recent earnings report, shows prices falling by next year. Even in […]
Canada went from the immigration darling to supervillain over a span of just a few months. Government of Canada (GoC) IRCC data for December shows a drop in permanent resident applications. It follows a weak end to the year that saw much weaker growth than many had anticipated. The drop wasn’t exclusive to countries Canada […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Do Canada’s Immigrants Stay? Fewer Continue To File Taxes Canada manages to attract a lot of immigrants, but how many are actually staying? Taxfiler data reveals 91% of immigrants that arrived in 2019 filed taxes for that year, but that same group […]
Canada is scrambling to grow its tax base via immigration but it has encountered a tiny problem—a lot of immigrants stopped paying. Statistics Canada (Stat Can) data shows a large share of immigrants that arrived in 2019 stopped filing taxes shortly after. Looking at the historical data, it’s not a new trend—but the drop off […]
Canadian policymakers have done a 180 when it comes to its open door policy for international students. The Government of Canada (GoC) announced a two year cap on study permits will be implemented soon. In addition, work permits will also become more difficult to obtain. The move comes after increased international scrutiny of the country’s […]
Canada is seeing record immigration but its economy doesn’t resemble one that typically attracts this type of growth. The country’s gross domestic product (GDP) came in flat in October, marking a fifth month of stalled growth. Despite record population growth, this lack of performance is still primarily attributed to increased government stimulus. It’s a setup […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Immigration Plan Is Not Viable In Any Version of Reality: BMO Canada’s population growth strategy is quickly turning into a disaster. Not only has it driven interest rates higher, and failed to grow the economy—immigrants are finding themselves in precarious situations, […]
Canada printed yet another massive, immigration-driven quarter of population growth. What housing crisis, the country just needs to build homes faster, right? BMO Capital Markets crunched the numbers to show just how comically distorted and unviable growth has become. It’s starting to become clear the plan isn’t to diversify the country, but stimulate home prices […]
Canada may have record population growth but what happens if immigrants see the mass exodus of citizens? Statistics Canada (Stat Can) data shows Q3 2023 emigration, or reverse immigration, surged to an unusually high level. Canadians fled the country for a new home in such a large number, a 3 month outflow has only been […]
