Canadas Policies On Immigration With Foreign Investments

Introduction Canada s housing market is at an all-time high, they are known in Vancouver for having the most expensive housing market. This expensive market is not just a Vancouver problem, it is an issue growing throughout the nation and is depriving the average citizen to be able to purchase a house in their lifetime. There is a major issue with the state of the market and how it affects the current citizens. Issues have been rising where the average wage in Vancouver is estimated at seventy-one thousand per family household, according to the Vancouver Sun (2014), yet the average costing home as reached between five hundred thousand in the municipality to over one million within Vancouver, according to articles by Beth Lindsay (2015) of the Vancouver Sun, and Troy Landereville (2015) of The Maple Ridge Times. This paper will argue that Canada needs to change its policies on immigration with foreign investments in order to solve the rising issue with housing prices that are not affo rdable to the average citizen and to reclaim lost revenue. Issues should be seen as foreign investments, tax dodging, and how the system is being abused. The paper will begin with looking at the current market within Vancouver and how it has changed to show the problem at its worst case scenario that Canada is facing with its cost of housing. The paper will look at how immigration has caused a massive effect on the market and how it will spread from the more major cities into otherShow MoreRelatedPierre Trudeau s Policies On The Economy899 Words   |  4 PagesPierre Trudeau’s Policies Pierre Elliot Trudeau was the 15th Prime Minister of Canada. He served as Prime Minister from April 1968 to June 1984. During his time in office, Prime Minister Pierre Trudeau introduced many new policies. 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