[bendergarcia]

Immigration? Really? You think people escaping their destabilized homelands are going to be able to put a down payment, let alone get the credit, or even have the history to get a mortgage?

There’s other reasons for demand side being the cause but immigration has got to be pretty far down on that list.

[tm-guimaraes]

Well, where i live they sure can’t do that, but they can get subsidized for paying rent. Not have only that, but they can sub rent, and still receive tax payer money.

There was a recent case of a fire in a T2 apartment. 12 immigrant were living in that single apartment. Similar situations are being reported in every city in this small country.

This means you can rent apartment you have, and there’s always immigrants looking for it, that can share/subrent with an absurd amount of people, each get their check and so your apartment rent is fully paid paid by social security.

More factors, deportations almost don’t happen, government is facilitating immigration.

This all adds up when you notice that the government figureheads were all previously mayors, and traditionally corruption at the mayor level was paid with real estate. So they are just using social security funds to charge absurd rents, and keep pressure on raising price.

Guess what happens when rent is high? House prices are also high.

But don’t worry, government is helping everyone with their payments by sending checks to everyone paying rent or house loan.

[cvhashim04]

Ah yes, the classic blame the immigrants take.

[InSteady]

I'm surprised no one in this thread is talking about urbanization. I guess the trend has slowed little bit in recent years from it's breakneck speed, but by and large people are still shifting from rural to urban on the average and that effects the housing supply in the majority of desirable cities. Certainly moreso than immigrants, lol.

[gadders]

Unless these people are living in tents, they will need houses. They may not be buying their own place, but they will need housing somewhere, probably in houses purchased by councils or private landlords.

Also, not all immigration is from destabilised homelands. For instance, the people taking up H1B visas or similar.

[pandaman]

Unless all the immigrants live in the fields and in the woods, they increase housing demand, likely on the lower end if they are as poor as you describe, and push the whole market up.

[throw0101a]

> Immigration? Really?

If you look at Canada (especially southern Ontario) you'll see a large correlation between incoming international students rates and property prices (first in Toronto, then across the region). See especially the trends in 2015.

Canada's population rose by one million people in 2022:

* https://www.cbc.ca/news/canada/canada-record-population-grow...

We did not build one million housing units (even taking into account things like families of four, students having room mates, and various other forms of 'household').

[wizofaus]

> people escaping their destabilized homelands

That's a pretty small percentage of total immigration surely? All things considered it's reasonable to assume too-high an immigration rate will put upwards pressure on housing prices. If that means we need temporary restrictions on where recent immigrants are allowed to purchase homes I don't see an issue - I certainly don't believe it would be fair for me to move to the US and immediately be able to buy a house wherever I like, helping price out those who have their whole lives rooted there already.

[mdhb]

I’ve seen this account semi regularly point to immigration as “the real problem” in a bunch of threads.

[gadders]

If you have an argument for why supply and demand doesn't apply to housing, I'm here for it.

And I say this as someone with a large house that's nearly doubled in value since I bought it with only 5 or 6 years left on their mortgage. Personally high house prices benefit me.