Canada’s international student boom went from success to liability over just a few years. Policymakers that promoted the growth are now suddenly passing blame, presenting it as an overwhelming surprise. It turns out the growth was the intended outcome of a $148 million plan, including a new brand jointly owned and operated by the Federal, […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Government Spending Now 80% of GDP Growth Canada’s economy grew faster than expected but still showed recession-like behavior. Annualized real GDP growth came in at 2.1% for Q2 2024, much higher than market expectations. However, the details were less flattering with […]
Canada’s attempt to use immigration as stimulus might be backfiring. That was the message from a new BMO report, looking at the unusually high unemployment rate for recent immigrants. The labor market for recent immigrants is eroding much faster than it is for the rest of Canada—at a rate rarely seen outside of recession. The […]
Canada’s population binge growth is coming to an end—now to deal with the hangover. That was the take from National Bank of Canada (NBF), who notes that this year’s population growth is on track to set another record, but the average annual growth rate will drop 75% for the next 3 years. The move comes […]
Canada’s population is expected to slow in growth but still add a whole lot of people. Statistics Canada (Stat Can) data released this morning shows they expect growth to slow. The population is expected to hit 63 million people by 2073, driven almost exclusively by migration. At the same time, the country’s older population is […]
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 […]
