1728 replies to this topic

[Mike K.]

Some would say that’s a very clean economy, and one that benefits greatly from resource exports. But we’ve decided to try to heavily restrict our resource extraction.

[Victoria Watcher]

Water is a nice clean export.

[Victoria Watcher]

What’s our stance on exporting it?

[Mike K.]

Indeed it is.

[dasmo]

If I get dividends on my water they sell.

[Victoria Watcher]

Canada has moved up one spot to become the fourth largest recipient country of asylum seekers, according to the United Nations Refugee Agency.

Last year, Canada received a record 174,000 new refugee claims, of the 3.1 million new claims reported worldwide, said the agency’s 2024 global trends report released on Thursday. Canada was behind the U.S. (729,100), Egypt (433,900), Germany (229,800). In fifth was Spain at 167,400. 

 

 

 

https://archive.is/x...4941.0-4947.285

Edited by Victoria Watcher, 13 June 2025 - 04:52 PM.

[LJ]

We're number 4, oh joy.

[Victoria Watcher]

A record number of people are leaving Canada, new StatCan data reveals

 

https://dailyhive.co...ing-canada-2025

 

 

 

More people are leaving Canada, with the first quarter of 2025 marking the second-highest number on record for that same period.

 

[...]

 

The country has consistently experienced a steady stream of people leaving since StatCan began tracking emigration levels in the 1950s. In 2017, Canada saw the highest levels of emigration. After a dip during the pandemic, the number of people leaving Canada has continued to rise.

 

[...]

 

“Immigrants born in Taiwan, the United States, France, Hong Kong, or Lebanon are more likely to emigrate,” reads the study. “Conversely, those born in the Philippines, Vietnam, Sri Lanka, or Jamaica are less likely to leave Canada.”

[Mike K.]

I know of several people who have handed in their coupon and have left the country permanently.

It’s not good for Canada to be losing monied people.

[Barrister]

We are also losing too many young professionals as well. If BC population basically flat lines exactly what is the impact on all the real estate sectors. 

[Mike K.]

Barrister has expanded his real estate Armageddon caused by declining baby boomers, to now, also an exodus of young professionals.

I’d be selling your Rockland mansion immediately. Why wait for social collapse to list?

[lanforod]

I thought you’d decided to be a hermit on a horse farm in Virginia?

[Tony]

Is there any data on the asset wealth or age demographics  of permanent residents/ citizens returning or leaving?

 

With the significant increase in the number of newly retired people the numbers of retired people leaving the county would be expected to increase significantly?

 

 

Are these not the people who are expected to leave? If there was a massive increase a couple of years ago of non- permanent residents then at some point you would expect a massive increase in the number leaving?  It is not good that they are leaving as they promised and not overstaying their visas?

 

Additionally, more non-permanent residents (those with work and study permits) left Canada during the first quarter of 2025. A total of 209,400 non-permanent residents left the country — a 54 per cent increase compared to the 135,360 non-permanent residents who left Canada in the first quarter of 2024.

Edited by Tony, 06 July 2025 - 10:36 AM.

[lanforod]

That’s actually what my first thought was, Tony. This isn’t emigration so much as non permanent residents leaving as required and less new permits released or renewed.
It’s likely contributing to the real estate and rent slack but it doesn’t seem to be a ‘crash’ to me, more of a soft landing. Maybe a harder landing in Toronto.

[Mike K.]

They’re referring to emigration, which is a specific term for a specific sub-group, meaning citizens are leaving.

A TFW going back to their country of origin is not an emigrant, by definition. So if the data truly does refer to emigrants, then it’s not students, workers, immigrants, refugees, etc.

[lanforod]

The article actually talks about both.

[Mike K.]

So what are you and Tony wondering about?

Net emigration is at a record high.

NPR residents are temporary anyway, but it’s the high rate of emigration that is a head turner. There have been periods of much higher NPR outflows than Q1 2025.

[lanforod]

Naw. Tony conflated both. I understand it’s two separate numbers here and one is expected but actual emigration isn’t perhaps. Or perhaps it should have been, with another left wing government here…

[Mike K.]

Ah, got it.

[Victoria Watcher]

Immigration caps are contributing to lower asking rents in Canada, CMHC says

 

 

https://www.theglobe...in-canada-cmhc/

 

Canada’s caps on foreign students and new residents have contributed to reduced demand for rental housing and lower average asking rents in Vancouver, Calgary, Toronto and Halifax, according to a new study from the national housing agency.

 

Over the past year, the average asking monthly rent fell between 2 per cent and 8 per cent in condos and rental-only apartments – also known as purpose-built rentals – said the report released Tuesday by Canada Mortgage and Housing Corp (CMHC).

 

The drop was due to a surge in new condos and apartment buildings hitting the market along with limits on temporary foreign residents such as students and new permanent residents.

 

As of April, temporary residents accounted for 7.1 per cent of the country’s total population, according to Statistics Canada. That compared with the peak of 7.4 per cent in October of last year.

 

“It is quite evident on the demand side that there have been signs of weakening,” said Tania Bourassa-Ochoa, CMHC’s deputy chief economist, adding that there were stronger rental declines in regions with slower population growth.

 

The average asking monthly rent for a two-bedroom apartment in Vancouver was $3,001 in the first quarter of this year, a 4.9-per-cent drop from the same period in 2024. In comparison, the average asking rent increased 4.5 per cent from 2023 to 2024, according to the study.

Edited by Victoria Watcher, 09 July 2025 - 04:42 AM.