Immigrants Curbs to Help Ease Canada’s Housing Shortage, Budget Watchdog Says

The report from Canada's budget watchdog suggests that the current pace of homebuilding, combined with the government's efforts to reduce immigration levels, is sufficient to address the country's housing shortage and increase the vacancy rate. The report indicates that the government's immigration curbs are aimed at easing the housing shortage, which has been a significant challenge in Canada. The budget watchdog's analysis suggests that the reduced influx of immigrants, coupled with the ongoing construction of new homes, will help balance the housing market and potentially lead to a rise in vacancy rates. The report highlights the government's approach to managing both immigration and housing supply as a means of addressing the complex issue of housing affordability in Canada. It emphasizes the role that immigration levels play in shaping the housing market and the need for a balanced approach to ensure the availability of affordable housing for all Canadians.