Reduce or stabilize housing prices and GDP/capita by limiting population growth and temporary residents

WHEREAS housing prices have rapidly increased since the Liberal government has doubled immigration to 500,000 since 2015, plus the number of temporary foreign workers and students has also increased to an estimated 2.5 million. The impact of this rapid increase in population has been a combination of higher housing prices, as demand has far exceeded supply and this is likely to continue, and as well, GDP per capita has actually been declining (while in the US it is growing rapidly), meaning that household incomes are also stagnant or likely to decline further AND WHEREAS population growth has been an important Green/environmental issue since "Limits to Growth" in the 1970s AND WHEREAS Canada's population has been growing at double the rate of ny G7 country

BEI IT RESOLVED that the Green Party adopt a policy of reducing the the number of non-permanent residents of 2.5 million to a level under 1 million AND BE IT RESOLVED the Green Party adopt a policy of moderate population growth such as a return to moderate immigration, at or below the Harper era levels of 250,000 people per year

Public policy that the party would represent

Benefits include: Lower housing prices Increasing GDP/capita and household incomes Reduced urban sprawl Reduced CO2 emissions Reduced congestion on roads and public transit

Impacts all Canadians

New policy.

Sustainability

Ecological Wisdom

Various reports and studies on the impact of the high number of temporary residents and population growth on housing, including reports prepared by banks and economics, and as well the impact of high population growth on the economy and GDP/capita by economists such as from less capital per worker

Yes

English