Canada slashed migration and housing costs dropped. There may be lessons for Australia
The Guardian
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While rising vacancy rates caused a dip in rents and home prices, it hasn’t solved Canada’s chronically unaffordable property market
Canada’s decision to radically cut migration levels and slash the number of foreign workers and students in the country has delivered on its goal of reducing housing costs, experts say.
In the grip of a post-pandemic surge in overseas migration that was judged to be contributing to unaffordable housing and stretched public services, the Canadian government under former prime minister Justin Trudeau in late 2024 tabled a law that cracked down on foreign arrivals.
https://www.theguardian.com/world/2026/apr/12/canada-migration-levels-housing-costs-australia-ntwnfb">Continue reading...Mark Carney addresses Liberal convention
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