As I said in my previous post, these temporary residents are competing with Canadians for apartments. And yes that is what businesses say but the truth they are seeking cheap labor. Many businesses post ads that never get filled. I know many people who apply for jobs to never get a callback. The businesses like the TFW, you do know that the Federal Government subsidizes a portion of those wages to hire temporary foreign workers? I hear Toronto has a high unemployment rate these days. So why keep on bringing temporary foreign workers? Yep about the crowded residences, it is disgusting what the Trudeau Liberals did. They clearly are elitists helping the rich get more richer.
Of course they are. They just care to make profits. International students is big business for them. But what do they care if the students find work after they finish? With so many international students, it is raising the averages. It is getting much harder to get admitted into a program.
Canada's education brand is at risk as enrolment takes a dive.
universityaffairs.ca
The amount of foreigners represents a small proportion. The biggest issue is there is a big mismatch between supply and demand. It is as simple at that! Trudeau brought in way more people then there are new construction of houses and apartments. Also your buddy Carney is proposing densification, which aligns with their climate change philosophy. People come to Canada for the quality of life to have a house with a backyard, with lots of space. They want to turn it into people living in a small overpriced condo with 100 story buildings everywhere where everyone takes public transit. Landlords would not be able to use real estate as investment if there were not so many people. Over two decades ago owners started to rent out their basements in the GTA and now it is accepted. Now I hear that rooms are being divided to cram more people.
The Liberal government created this mess in the first place. If they really want to help they need to shut down the influx of asylum seekers and uncontrolled immigration. Trudeau brought in hundreds of thousands of refugees when there are so many homeless. The homeless population has tripled since covid. I hear many hotels in Niagara Falls has been taken by the Federal government to house refugees. Funding is not the answer because it means the taxpayers have to pay for that.