The latest data highlights how Canada has one of the most unusual economies in recent history. Typically population growth and an economic boom go hand-in-hand. People move to a region due to the robust opportunities, contributing to demand, and thus creating more jobs. That’s not what’s happening.
Instead, people are attracted to a stagnant economy in such a large volume, it has an inflationary impact on shelter. An impact that’s so great, shelter costs are eroding general output on a per capita basis.
I wonder if there's a bureaucratic inertia at work: people came here to go to school 4+ years ago, or waited in a queue for however long it took to get in.