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In early 2024, Canada was experiencing its worst-ever rental crisis, driven by record immigration-driven population growth.
In early 2024, Canada’s rental and population growth were extreme
The electorate was angry, and the incumbent centre-left Liberal government implemented sweeping immigration cuts to stabilise the population and ease pressures on housing and infrastructure, alongside rebalancing the economy towards sustainable growth.
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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.