Moffatt: Ontario experienced a decade’s worth of population growth in just three years. We can’t support that growth without building way more homes

More on housing pressures and noting the importance of curbing demand in terms of numbers of immigrants, permanent and temporary and current government changes (further reductions needed IMO):

…On the population growth side, the federal government has committed to lowering the number of non-permanent residents (NPRs), including international students and temporary foreign workers, living in Canada. They have committed to reducing the proportion of non-permanent residents to under 5 per cent of Canada’s population over the next three years, a reduction of nearly one million people. If achieved, it would ease pressure on rents and ensure that the students we are inviting to the country have the best possible experience while here. However, the Bank of Canada recently called into question the federal government’s commitment to their non-permanent resident growth targets, stating  “it will take longer for planned policies to reduce NPR inflows to achieve the 5% target”. The federal government must release a credible plan, or risk having Ontario’s population grow faster than the housing supply.

Ontario’s housing crisis can be fixed. We have the solutions on both the supply and demand sides, many of which governments have already committed to implementing. They simply need to do so.

Source: Ontario experienced a decade’s worth of population growth in just three years. We can’t support that growth without building way more homes