Canada's population grew by 1M people in 2022.More than ever in any year of Canada's existance. Is this Government MENTAL or what????
I hear that the Toronto & the Greater Toronto Area Real Estate, was starting to go up again, with Rental rates higher & home prices starting to get multiple offers again. This because of no home availability for rentals, & low home construction and Inventory for sale.
Yet this stupid government brought 3X the normal yearly population into Canada in one year alone in 2022.
Is Trudo a dumbie??? I thought he was an ok leader. But this stupudity happened under his watch. What's going on here? Are they all insame?
On another topic. The Interest rate hike in the US have taken the rates up by a quarter point. They needed it. They will start tightening money policy from now on, instead of raising rates higher. This is what I expected. That will give them the same effect of a full point Increase in rates. Let's see what happens.
I don't see inflation coming down any time soon. For sure not till the of 2024. If this Canadian Govt/Bureaucracy keeps this Immigration rate up? We'll be in deep shite. These people that come her need food & shelter. Where the FK if this Govt going find the shelter & how are they going to get prices of FOOD down? Services are already up 2X their normal prices. If these Grocery guys see no demand reduction for their food? They will never bring Inflation, and more importantly demand down? If Canada decides to fiscal tightening as well? Then we could have some real pain soon here in Canada and in construction.