A groundbreaking study by Immigration, Refugees and Citizenship Canada reveals that immigration accounted for 21% of housing price increases in municipalities with populations over 100,000 between 2006 and 2021. Meanwhile, the housing construction industry faces severe challenges with Toronto housing starts down 65% and thousands of workers being laid off. The Residential Construction Council of Ontario warns of massive job losses as builders struggle with high taxes and regulatory barriers. Research shows government policies, including land use regulations and taxes (comprising up to 36% of new home prices), have significantly contributed to the housing affordability crisis affecting newcomers and Canadian residents alike.
21% of housing price growth linked to new arrivals in major Canadian municipalities
