DirectionNorth said:
Immigration rates have been increasing:
View attachment 404965
Per Wikipedia.

Nevertheless, higher interest rates are necessary for prices to decrease.
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Thank you for posting this...

...but not to further this debate from the topic of the thread in question, but my position was for the city and not for the country as a whole. And as someone else also has pointed out, I'm more interested in population growth overall here and not just that of immigration.

I'll also restate that I do think interests rates will likely have an effect on slowing down the building rate regardless. But likely not as dramatically as some are claiming here...although I could be entirely wrong on that. /shrug

...and that's all I am going to say about that. <3
 


Toronto Model 06-05-22 Pinacle One Yonge.png
 
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Northern Light said:
Not to sidetrack the thread, but the immigration target and its recent lift are interesting.

I used a compound interest calculator to look at how this tracks out if we sustain the current rate.

We're growing our population (via immigration) by roughly 1.15% annually.

Apply that to 38.8M and in 60 years, the year 2082 our population would be 92.8M

At the dawn of the next century, 2100, it puts the population of Canada at just over 114M
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I'm struggling to picture a Canada with with that many people. Perhaps the GTA yellowbelt will be broken after all!
 
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