Tag: crisis

OTTAWA | The increase in immigration since the Liberals came to power has amplified the housing crisis, according to experts heard before the Finance Committee which is interested in the rise of inflation in the country. • Read also: A coalition of organizations fears an “outbreak” of rents in Quebec in 2022 “Since 2015, we have seen a huge increase in immigration which has amplified the pressure on the real estate market,” said Jean-François Perrault, Senior Vice‐President and Chief Economist of Scotiabank, while emphasizing that he is in to welcome new arrivals. Since 2015, Canada has welcomed an average of 300,000 newcomers per year, compared to around 250,000 previously, and Justin Trudeau promises to inflate this figure to 400,000, for a total of 1.2 millio...