Real Estate

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

  • Last Updated:
  • May 19th, 2020 9:33 am
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Feb 22, 2011
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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
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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 Fanatic
Feb 9, 2009
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Yep...bullish for RE.
Deal Addict
Feb 10, 2014
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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 Addict
Feb 10, 2014
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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
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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
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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.
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Feb 10, 2014
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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.
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Oct 7, 2007
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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.
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Deal Fanatic
Feb 22, 2011
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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 Guru
Feb 29, 2008
11384 posts
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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.
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Oct 7, 2007
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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 Guru
Feb 29, 2008
11384 posts
6462 upvotes
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.
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Deal Fanatic
Feb 22, 2011
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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.

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