The “demographic shock” of mass immigration is aggravating Canada’s affordable housing problem, the National Bank of Canada says in a new report.
Canada’s working-age population—people aged 15 and older—increased by more than 100,000 in April alone, bringing the total to more than 410,000 after the first four months of 2024, according to the May 15 “Hot Charts“ published by National Bank Financial, Inc. (NBF), a subsidiary of the National Bank of Canada, Canada’s sixth-largest commercial bank.
