Canada’s housing crisis cannot be solved without the assistance of skilled immigrants, according to Immigration Minister Marc Miller. He emphasized the federal government’s efforts to make housing more affordable and bring in the necessary workers to increase housing supply. Miller highlighted the importance of skilled workers from outside Canada in meeting the current demand for homes.
When asked about potentially reducing immigration targets in response to a Bank of Canada report, Miller rejected the idea. He stated that immigrants are resourceful and can acquire houses when they bring capital. He questioned the impact of slashing skilled worker and family reunification programs, which could have negative effects on mental health and well-being.
Currently, Canada aims to welcome 451,000 new immigrants in 2024, with the number expected to rise to 500,000 by 2025. Miller explained that around 60% of new immigrants are economic migrants who possess the needed skills to contribute to the housing sector. Family reunification accounts for approximately 20% of immigrants, while refugees and asylum seekers make up the rest.
Miller’s office previously stated that addressing labor shortages is a top priority, and measures like the Express Entry system and immigration targets enhance the country’s ability to combat the ongoing labor shortage, particularly in the housing sector. With provinces like Ontario requiring 100,000 workers to meet housing demands, immigration becomes vital in creating more homes for Canadians.
The construction industry is facing a shortage of tens of thousands of workers, and potential retirements could exacerbate the problem. At the same time, Canada is falling behind in the number of homes needed for housing affordability in the coming years.
The job vacancy rate in construction is at a record high, with around 80,000 open positions, contributing to increased building costs and decreased productivity. Canada Mortgage and Housing Corp. predicts a need for 3.5 million more homes by 2030 than the current rate of construction can fulfill.
To address the shortage of skilled trades workers, the federal government has introduced a new stream for newcomers with experience in skilled trades. Miller emphasized the importance of supporting the construction sector in finding and retaining the workers it needs.
However, there are concerns about ensuring that skilled workers in construction can navigate the certification processes across the country and effectively contribute to the sector.
Overall, addressing Canada’s housing crisis requires the collaboration of skilled immigrants who can provide the necessary skills and contribute to the construction industry. The federal government is committed to increasing housing supply and ensuring that immigrants can successfully integrate into the sector.
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