ACTUAL HEADLINE: Massive immigration boom created Canadian housing supply problem
(ca.finance.yahoo.com)
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Makes me feel more sane when I see this article being posted from a more centrist news source... all of my rational intelligent family always denies it... just says "economics are complicated"
Economics are never complicated when they can blame capitalism. They're only complicated when socialistic policies start looking bad.
If only my family would believe that immigration was the driver of economic growth in Canada :D
Importing more poor people who work for cheap does make the measured GDP bigger and increase demand, but lower wages and higher prices make the citizens poorer.
Increased GDP is not the same as increased standard of living (ie: higher wages and lower prices).