News Summary

• From 1980 to 2022, Canada’s population increased 1.1 per cent a year on average.
• In 2023 and 2024, it rose 2.9 and 3.0 per cent, respectively.
• To deal with the resulting spike in house prices, Ottawa has created a new agency.
• The idea that Ottawa can double housing construction is utopian.
• Prices have skyrocketed because of rapid population growth.
• We need to cut that.Lower immigration will restore the equality of housing demand and supply.
• It will also limit the need for increased spending on hospitals, roads, bridges and other infrastructure.