Canada's Policy Errors: Immigration and Housing
A recent examination of Canada's policy decisions reveals significant errors in the areas of immigration and housing, two interconnected themes with far-reaching economic impacts.
According to a recent article, Canada conducted a decade-long experiment on immigration, led by the Trudeau government and supported by provinces, the business community, and the higher-education sector. The goal was to boost the slow-growth economy through increased immigration and lower standards.
How Canada got immigration right for so long–and then got it very, very wrong
However, the experiment was not successful. Between 2015 and 2024, Canada's real GDP per capita grew by only 2%, making it arguably the poorest economic performer in the rich world, according to the OECD.
- Canada's immigration policy was intended to stimulate economic growth
- The experiment was led by the Trudeau government and supported by various sectors
- The outcome was a mere 2% growth in real GDP per capita between 2015 and 2024
Author's summary: Canada's immigration and housing policies have had significant economic impacts.
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