The Vancouver Life Real Estate Podcast

← The Vancouver Life Real Estate Podcast10 oct. · 15 min

The REAL Reason Canada Will Increase Immigration Again

The REAL Reason Canada Will Increase Immigration Again10 oct.15 min

Canada's housing market is facing an extraordinary contradiction. After years of government efforts to improve affordability, home prices are finally falling across major Canadian cities. But as sales volumes collapse, so does a significant source of government revenue. British Columbia collected $3.33 billion in property transfer taxes during the 2021–2022 housing boom. For 2025–2026, that revenue is forecast to fall to approximately $1.75 billion, a staggering 47% decline. And now, with...