Canada teaches Australia how to fix the housing crisis

Canada teaches Australia how to fix the housing crisis

Like Australia, Canada experienced a record surge of immigration once borders opened following the Covid-19 pandemic, with the nation adding around 1.2 million people in 2023 alone.

This record spike in immigration caused a slew of problems for Canada, including severe housing shortages, skyrocketing rents, productivity and infrastructure stress, services inflation, and rising youth unemployment.

Canadian population and rents

Like in Australia, temporary residents drove Canada’s population surge. According to StatCan, the number of non-permanent residents increased from 1.36 million in Q2 2021 to 3.15 million in Q3 2024.

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