Population Growth: Population and Housing Market

population growth: According to Sondhi, Canada's population is seeing its slowest growth since 2015, and immigration has collapsed due to the COVID-19 pandemic, according to Georgia Asian. That's bad news for the country's housing market. Fewer People Less Demand Easing Population Growth to Weigh on Housing goes the heading of the study prepared by economist Rishi Sondhi. Canada's population has expanded greatly on account of immigration, and with fewer newcomers arriving, both homeownership and rental markets are going to take a hit. Sondhi noted that most immigrants tend to settle in Toronto, Vancouver, Montreal, and Calgary. Lesser inflows of immigrants and non-permanent residents will impact rental and ownership housing markets alike, Sondhi wrote in the document released Wednesday July 8 . According to Sondhi, the slowdown in immigration will have lasting impacts on the market for ownership housing . The effects are expected to be felt through 2021. (www.immigrantscanada.com). As reported in the news.