Canada shows Australia how to fix housing

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Canadian Prime Minister Mark Carney recently touted that his government had “taken control of immigration”, noting that “asylum claims are down by a third, temporary foreign worker arrivals are down by half, and international student arrivals are down by 60%”.

Carney said that “we can now build a sustainable immigration system consistent with Canadian values”.

Canada is a case study in how cutting immigration alleviates demand in the rental market.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.