Desjardins estimates the country would need to build 100,000 more housing units every year to offset upward price pressures caused by having a higher number of permanent residents in the country.

At a time when skeptics are questioning Canada’s plan to ramp up immigration, a new report argues the country needs to welcome a lot more newcomers to counterbalance its aging demographic.

A Desjardins report released Monday analyzes how much population growth among working-age Canadians is necessary to maintain the old-age dependency ratio, which refers to the ratio between 15 to 64-year-olds and those aged 65 and older.

https://www.thecanadianpressnews.ca/politics/report-shows-economic-case-for-high-immigration-but-warns-of-housing-trade-offs/article_79355751-05b6-56a3-acc0-4841009f2c06.html

Canada’s population grew by more than one million people (open border migration??) last year, a record for the country. Its total population grew by 2.7 per cent, the fastest rate since 1957.