Prousky: Canada’s housing crisis is fuelling a population crisis
2024/07/20 Leave a comment
Interesting turning around debates over immigration levels. But yes, levels have to come down given the time it takes to increase housing:
…The global pool from which to attract smart, employable immigrants is slowly shrinking. Africa is now the only region on Earth whose population is expected to grow by the end of the century. Meanwhile, the world’s population is expected to decrease in that time period. So in the coming century, rich nations – all of which have birth rates well below 2.1 – may be competing for the same small pool of working-age migrants.
Beyond immigration, there are a host of pro-natal policies that countries have devised to boost fertility. Governments in Asia have spent hundreds of billions of dollars to stave off looming population crises. Singapore, with one of the lowest fertility rates in the world at just 0.97, offers generous grants and tax rebates to parents with two or more children. But its fertility rate hasn’t budged.
It’s only a matter of time, it seems, before the Canadian government begins throwing big money at the country’s nascent fertility problem. The lesson from abroad is, don’t wait. Increasing the country’s housing supply today could be the best defence against a population crisis down the road.
Source: Canada’s housing crisis is fuelling a population crisis
