When Welcoming The World To Canada Stopped Being Enough
Canada has long embraced immigration as a core part of its national identity, welcoming newcomers from around the world. However, the rapid population growth has outpaced housing supply, leading to significant challenges in major cities. As a result, public sentiment towards immigration is beginning to shift amid concerns over housing availability and affordability.
- ▪Canada's immigration policy has aimed to increase annual admissions to about 500,000 newcomers by the mid-2020s.
- ▪The country has seen a population growth rate that is among the fastest in the developed world, but housing construction has not kept pace.
- ▪In 2023, Canada added approximately 5.1 new residents for every housing unit started, leading to record-high rents and low vacancy rates.
Opening excerpt (first ~120 words) tap to expand
BusinessWhen Welcoming The World To Canada Stopped Being EnoughByKumaran Nadesan,Forbes Books Author.for Forbes BooksAUTHOR POSTExpertise and opinions of authors published by ForbesBooks. Imprint operated under license. | Paid ProgramJun 03, 2026, 02:14pm EDTWhen housing supply lags behind population growth, the strain becomes visible everywhere.gettyFor decades, Canada has built a national identity around immigration. We have opened our country and presented ourselves as one of the world’s most welcoming societies, a place where people from every continent can come to build a life. Immigration policy has reflected that identity.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Forbes — Business.
Discussion
0 commentsMore from Forbes — Business
