Immigration and housing costs. Whats the link?
After mounting political pressure, last weekend Immigration Minister Marc Miller acknowledged that the number of non-permanent residents in Canada is putting a strain on housing. As Canada brings in a historic number of temporary residents and population growth sets records, some of the country\u2019s top bank economists and even the Bank of Canada say that the federal government\u2019s immigration policy is significantly affecting housing affordability.\n\nSo how did we get here? What is Canada\u2019s immigration policy? Would a cap on non-permanent residents help alleviate the housing crisis \u2013 or could it hurt the economy as some critics say?\xa0\n\nCanadian Press economics reporter Nojoud Al Mallees explains.\xa0\n\nFor transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts\nTranscripts of each episode will be made available by the next workday.