Real Estate

Immigration will be key in post-pandemic era: Liberal Minister Mendicino

  • Last Updated:
  • May 19th, 2020 9:33 am
[OP]
Deal Guru
Feb 22, 2011
11164 posts
14106 upvotes
Toronto

Immigration will be key in post-pandemic era: Liberal Minister Mendicino

For those who thought this pandemic would stop or slow immigration think again. This will be used to increase immigration.

Immigration will be key in post-pandemic era: Liberal Minister Mendicino

https://nationalpost.com/pmn/news-pmn/c ... d_articles
25 replies
Deal Addict
Jun 23, 2006
1607 posts
140 upvotes
Toronto
Increased immigration will only put increased pressure on the already limited housing supply in the GTA (if that is where many will be coming too)
Deal Guru
Feb 9, 2009
11999 posts
10679 upvotes
Yep...bullish for RE.
Deal Addict
Feb 10, 2014
1206 posts
1247 upvotes
Toronto
Depends what type of immigration though. With unemployment weighing heavily on peoples minds, that's the flip side of the coin to that article. Bringing people in with many without jobs is just a slap in the face of so many because the government itself threw these people on the street only to replace their livelihoods with newcomers. Terrible.

I also remember immigration in the early 90's in RHill after the housing market crashed out, many from HK ran over after the British handded back the keys to the mainland. They bought out that area at the lowest dollars given.

Bringing in business class investors to prop up the economy with legit cash flows (please let's not go for more laundering and drug money here) is possible. Depends if they want to though really in post-pandemic Canada. Depends what Trudeau turns it into. The Canada we had before, I dont think it is coming back the same way. Same but different just like post 9/11.
Last edited by Coresu on May 18th, 2020 12:04 pm, edited 1 time in total.
Deal Expert
Feb 29, 2008
16048 posts
12836 upvotes
Tarrana & The Ri…
Immigrants are here to stay. Sorry Face With Tears Of Joy
Deal Addict
Feb 10, 2014
1206 posts
1247 upvotes
Toronto
JayLove06 wrote: Immigrants are here to stay. Sorry Face With Tears Of Joy
Well, Roxam road is open. I guess I can open a bottle of wine to that. I rather have higher quality immigrants building the system instead of leeching off it for the most part though. If you want to bring in immigrants, focus on those who will actually bring in business to replace the ones lost. Hire people without jobs. We have a lot of people crossing the border just burdening the system. And many just parking money here to keep it out of sight.

Immigration is broad. I'm for those who want to build this country.
Last edited by Coresu on May 18th, 2020 12:11 pm, edited 1 time in total.
Deal Addict
Jun 23, 2006
1607 posts
140 upvotes
Toronto
Coresu wrote: Depends what type of immigration though. With unemployment weighing heavily on peoples minds, that's the flip side of the coin to that article. Bringing people in with many without jobs is just a slap in the face of so many because the government itself threw these people on the street only to replace their livelihoods with newcomers. Terrible.

I also remember immigration in the early 90's in RHill after the housing market crashed out, many from HK ran over after the British handded back the keys to the mainland. They bought out that area at the lowest dollars given.

Bringing in business class investors to prop up the economy with legit cash flows (please let's not go for more laundering and drug money here) is possible. Depends if they want to though really in post-pandemic Canada. Depends what Trudeau turns it into. The Canada we had before, I dont think it is coming back the same way. Same but different just like post 9/11.
Another thing to remember is many immigrants who come to Canada (Not saying all), sell many or all their assets and move their family here. When they come they tend to buy a home outright sometimes without a mortgage.
Deal Fanatic
Oct 7, 2007
8964 posts
4808 upvotes
The key question is WHO do we want coming to our country? Personally, I would love to see Canada attract high-calibre individuals with skills, drive, ambition and respect for the law to help build a better Canada. If we are striving to bring in the opposite, then Canada's overall standard of living, safety and law/order will rapidly deteriorate. The more Canada strives for low quality individuals, the harder it will be to attract higher quality individuals.
Deal Addict
Feb 10, 2014
1206 posts
1247 upvotes
Toronto
mohaken wrote: Another thing to remember is many immigrants who come to Canada (Not saying all), sell many or all their assets and move their family here. When they come they tend to buy a home outright sometimes without a mortgage.
That's why I hinted at the early 90's. That's what they did in RHill. Bonnie and Dannie Wan (RE agents promoting back home) made a killing in the Bayview Hills during that time if I recall those years.
Deal Fanatic
Oct 7, 2007
8964 posts
4808 upvotes
If Canada becomes a high tax country, this may also cause people with skills to move in/out accordingly. I have never really considered leaving Canada as I have never lived anywhere else and I love Canada BUT if the taxes become ridiculous and we start to drop our standard of living, I may feel forced to consider alternatives. Hopefully, it won't come to that but Canada is changing and the people seem to be totally fine with our move to socialist policies where the shrinking private sector has to pay for the bloating public sector. Logic says this is unsustainable unless something changes. Perhaps when the high taxes kick in, those people who love socialism will understand better how it works.
Last edited by choclover on May 18th, 2020 12:21 pm, edited 1 time in total.
[OP]
Deal Guru
Feb 22, 2011
11164 posts
14106 upvotes
Toronto
choclover wrote: The key question is WHO do we want coming to our country? Personally, I would love to see Canada attract high-calibre individuals with skills, drive, ambition and respect for the law to help build a better Canada. If we are striving to bring in the opposite, then Canada's overall standard of living, safety and law/order will rapidly deteriorate. The more Canada strives for low quality individuals, the harder it will be to attract higher quality individuals.
Our system is a lot better than the lottery system in the US. We actually qualify people, except reunification but really that is just to attract valuable immigrants who are human capital.
Deal Expert
Feb 29, 2008
16048 posts
12836 upvotes
Tarrana & The Ri…
Coresu wrote: Well, Roxam road is open. I guess I can open a bottle of wine to that. I rather have higher quality immigrants building the system instead of leeching off it for the most part though. If you want to bring in immigrants, focus on those who will actually bring in business to replace the ones lost. Hire people without jobs. We have a lot of people crossing the border just burdening the system. And many just parking money here to keep it out of sight.

Immigration is broad. I'm for those who want to build this country.
I think immigrants who come here for the most part are quality individuals who will not only have children here, but set roots and be upstanding citizens. There are always some bad apples but we shouldn't let that blind us from so many positive contributions immigrants have made here.

Doesn't mean I think Trudeau should be looking under every rock for anyone breathing and put them up in hotels. We needed immigrants before, we'll need them even more now.
Deal Fanatic
Oct 7, 2007
8964 posts
4808 upvotes
mazerbeaner wrote: Our system is a lot better than the lottery system in the US. We actually qualify people, except reunification but really that is just to attract valuable immigrants who are human capital.
I think the US recently changed their system ironically modelling it after what Canada's system used to be.
Deal Expert
Feb 29, 2008
16048 posts
12836 upvotes
Tarrana & The Ri…
choclover wrote: If Canada becomes a high tax country, this may also cause people with skills to move in/out accordingly. I have never really considered leaving Canada as I have never lived anywhere else and I love Canada BUT if the taxes become ridiculous and we start to drop our standard of living, I may feel forced to consider alternatives. Hopefully, it won't come to that but Canada is changing and the people seem to be totally fine with our move to socialist policies where the shrinking private sector has to pay for the bloating public sector. Logic says this is unsustainable unless something changes. Perhaps when the high taxes kick in, those people who love socialism will understand better how it works.
With this virus you may have a tough time escaping socialism.
[OP]
Deal Guru
Feb 22, 2011
11164 posts
14106 upvotes
Toronto
choclover wrote: I think the US recently changed their system ironically modelling it after what Canada's system used to be.
They didn't change it, Trump wanted to but everyone called him racist.
Deal Addict
Jul 3, 2007
3681 posts
4033 upvotes
Toronto
another immigration thread lmao.... :facepalm:
Deal Addict
Feb 10, 2014
1206 posts
1247 upvotes
Toronto
JayLove06 wrote: With this virus you may have a tough time escaping socialism.
This. Post Pandemic Canada will be more socialist. I feel it, just the way things are heading. Consequences and changes of post Covid 19. Travelling will be for sure changed in and out for example, and the less fluid that is, ripples across the whole system that depends on it.

That's why it's so hard to just say, things are going to be just like they were before especially when our own government is saying it wont be even with a vaccine.

Immigration will be here, I hope it's quality people making up the bulk of it. Life will go on too. But we're going to have to accept the changes coming down the pipe whatever they may be.

RE can explode, it can crater, it can stay the same. I dont know anymore as peoples mindsets change, how they socialize, live and shop, work etc.

To keep on topic though, can immigration save the system? Well, if they have a lot of cash to buying into the GTA for example. Not sure how that will solve the economic burdens but just compounding on the limited housing supply issues already existing. And bringing in students on work visas for example to fill in the spots of the unemployed here is just a moralistic disaster.

If you want to bring in the next Elon Musk and have him create a new tech wonder of a company, employing thousands of Canadians. Bring those right on in!

That's not the case though, not for the last decade.

But Jay is right though, immigration is not going anywhere. Problem is, like Roxam Rd crossings, immigration is a huge voting base for the Liberal party. The issue with that is, I dont think they care what they are bringing in if that's their motive.

It's easy to assume if you show the world Canada is relatively easy to get into compared to other first world countries, with all the socialism we have now and more so coming along post Covid 19 looks like, you will just attract more of those who want to take advantage of the system then to help build it.
Last edited by Coresu on May 18th, 2020 1:00 pm, edited 4 times in total.
Deal Addict
Jul 3, 2007
3681 posts
4033 upvotes
Toronto
Coresu wrote: This. Post Pandemic Canada will be more socialist. I feel it, just the way things are heading. Consequences and changes of post Covid 19. Travelling will be for sure changed in and out for example, and the less fluid that is, ripples across the whole system that depends on it.

That's why it's so hard to just say, things are going to be just like they were before especially when our own government is saying it wont be even with a vaccine.

Immigration will be here, I hope it's quality people making up the bulk of it. Life will go on too. But we're going to have to accept the changes coming down the pipe whatever they may be.

RE can explode, it can crater, it can stay the same. I dont know anymore as peoples mindsets change, how they socialize, live and shop, work etc.
its already more socialist with those CERB cheques going out to students playing xbox and not wanting to work...

never mind the news today about jail inmates getting paid lmao...... what a mess

this free money handout is gonna make the lazies out there even more lazy.....
Banned
Jul 8, 2017
628 posts
699 upvotes
NA
JT said after this pandemic, there will be more people in the world becoming poorer than before and Canada need to save them by increasing the refugee quota to 1M per year. He can save our hospitality industry by putting them into hotels for free for life.
Banned
Jul 8, 2017
628 posts
699 upvotes
NA
joepipe wrote: its already more socialist with those CERB cheques going out to students playing xbox and not wanting to work...

never mind the news today about jail inmates getting paid lmao...... what a mess

this free money handout is gonna make the lazies out there even more lazy.....
The beauty about student collecting cerb is it doesn't matter whether you come from living in a rental basement apartment or in a million dollar paid off home by your rich parents, as long as you are qualified you will be entitled to it regardless of your family net worth.

Top