Understanding the Housing Crisis and its Connection to Immigration

2023-06-20 04:00:00

On the horizon of 1is July, the housing crisis is again at the heart of the news.

For the middle class, access to property is more and more complex, unless they agree to go into exile further and further from major centres.

In other words, access to property, which is central to the identity of the middle class, becomes an inaccessible fantasy.

For tenants, the situation is just as complex. It is becoming more and more difficult to find affordable housing.

Balance

Several factors explain this crisis. It is also necessary to find a balance, which is not self-evident, between the right of the owners, which is fundamental, and that of the tenants, which is not negligible.

But neither can we talk about it without mentioning one of these factors, too often left aside, as if it were indecent to mention it, as if it simply did not respect propriety.

I’m obviously talking about massive immigration, which is completely transforming the real estate market.

There is a mathematical effect here: if the population increases without the available properties or rents increasing at the same rate, the pressure on the real estate market will be increasingly strong.

This is not exclusive to the greater Montreal area, of course.

All major cities are experiencing the same phenomenon.

Blind

Result of this trend: the native populations are generally driven out of the metropolises, now reserved for the most prosperous social categories, who have the means to live there, and for the populations resulting from immigration, who occupy the trades of service and who gather there in ethnic communities.

You have to be blind not to see the immense socio-political problems that this situation will cause.

But we are led by blind people. Since a long time.

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#Housing #crisis #talk #immigration

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