Justin Trudeau spits on Canadian renters


Australia is currently experiencing a record immigration fueled population boom, with the nation’s population expanding by a record 500,400 in the 2022 calendar year, driven by record net overseas migration (NOM) of 387,000:

Australia is also experiencing a per capita recession and an intractable housing shortage that is driving rents into the stratosphere and pushing Australians into homelessness.

If you think the situation is bad here, spare a though for Canada.


In the first quarter of 2023, Canada’s population surged by 292,232 people, or 0.7%, for a total of 39,858,480 as of 1 April.

Canada’s population ballooned by just over 1.2 million people in the year to March, with nearly all (98%) of that growth coming from net overseas migration:

Canada population growth

The next chart comparing Canada’s population growth rate against the United States’ is shocking:

Canada versus US population change

Meanwhile, Canada’s per capita GDP growth remains in the gutter compared to the United States, having barely grown since Prime Minister Justin Trudeau came to office in 2015:

Per capita GDP growth

As noted in the National Post last month, “the acid test of a country’s future prosperity is whether GDP per capita is improving — and for 10 of the past 11 quarters, Canada’s has been contracting. The first quarter of this year was lower than it was in the same quarter of 2017”.

In fact, “figures from the OECD show that since 1971, Canada has averaged growth in GDP per capita of 1.5%”.


“Yet since the Trudeau government came to power, that number has averaged 0.5% (the Harper government was hardly better at 0.64%)”, according to the National Post.

Meanwhile, Canada’s housing market is in crisis. Rents are soaring and homelessness has risen substantially.

Yet, the Trudeau Government is hell bent on running the largest immigration program in the nation’s history against the direct wishes of Canadian voters:

Canadian immigration views

All of which sounds eerily familiar if you are an Australian.

Why do centre-left governments like the Trudeau and Albanese administrations hate the working class so much that they treat them like battery hens?

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.