StatsCan says population growth from immigration is far outpacing job growth in Canada as unemployment rises again.
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Canada’s out-of-control immigration numbers are not only having a negative impact on housing, they are now hurting the employment situation. In the same week that Prime Minister Justin Trudeau said that we are bringing in people faster than we can absorb them in the housing market, Statistics Canada issued a warning on jobs.
The March unemployment rate stood at 6.1%, a full point higher than the 5.1% recorded in March of 2023. According to StatsCan, we are bringing in people faster than we are creating jobs.
Over the last year, employment has grown by 1.6% or 324,000 jobs while Canada’s population has grown by 3.2% or more than one million people considered working age. There are now 247,000 more people listed as unemployed in Canada than there were a year ago.
In Ontario, where the largest population growth has happened and where most of the immigrant population settles, there are 576,000 people unemployed, an increase of 134,000 compared to March 2023. In that same time frame, the province’s unemployment rate has risen from 5.3% to 6.7% despite Ontario adding 86,000 new jobs in that time period.
Simply put, we are bringing in people faster than we can house them and faster than the economy can create adequate jobs. It’s madness and it needs to be dealt with but while the man in charge, Justin Trudeau, is acknowledging there is a problem, he won’t take any responsibility.
Listening to Justin Trudeau, you would think he and his government were powerless to do anything as these numbers climbed over the past several years. Standing with Sean Fraser, the man who messed up immigration and is now in charge of housing, Trudeau blamed the provinces for the more than 3 million temporary residents that his government allowed into the country.
Trudeau’s solution?
Reduce the temporary resident portion of our population down to 5% from the current 7.5%.
That is still not likely enough to solve the problem.
Trudeau is only now admitting that immigration levels are too high, but as recently as November was responding to questions about lower housing costs in the United States by suggesting that Conservative Leader Pierre Poilievre was anti-immigration.
“In 2017, temporary residents made up about 2% of Canada’s population. Right now, they make up about seven and a half percent of Canada’s population. That’s where all the pressure on our housing, or a big part of the pressure on our housing markets, and other areas are coming from,” Trudeau said.
Temporary residents are part of the immigration system, that would be something the federal government is responsible for. Even if a college, university or province, wants to have an international student enter the country, the final say, and this includes on how many can come, rests with the federal government.
“As for the difference between Canada and the United States, one of the differences is that our population is growing much faster than the population in the United States. I am certain the leader of the opposition was not about to suggest he was anti-immigration, because we all know immigration creates jobs and prosperity,” Trudeau said.
Well, it used to create jobs and prosperity but then the Liberals broke the system. They ramped up immigration levels, on all fronts, to unsustainable levels.
https://torontosun.com/opinion/columnists/trudeaus-out-of-control-immigration-hurting-jobs-and-housing#:~:text=Our%20permanent%20resident,on%20his%20feelings.
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