I believe this is way overblown and more just a distraction from the real issue. The government of Canada seems to be primarily concerned with real estate value and helping it achieve higher and higher values by ensuring not enough homes are available for all Canadians and immigrants. The high cost of real estate has many many downstream effects including putting people on edge. The media does a great job of blaming immigrants as why would they not…they are owned by the same people who only want to see their real estate increase in value forever. Canada is was built with immigrants entirely, less the first people who were massively marginalized in the process. Don’t buy this propaganda. Instead put pressure on your local representatives to better manage home supply.
There has been many similar plans over the past decade and look where we are? Buying into the propaganda. Just like the net zero emissions goals by some long off date. Feels good, and we can point to similar good news stories like the one you linked, but the pattern is pretty established yet we tend to fall for the hope every time. That said, I am hoping this one goes somewhere, but I am not holding my breath, especially with a change in government likely coming.
seems to be primarily concerned with real estate value and helping it achieve higher and higher values by ensuring not enough homes are available for all Canadians
That's a pretty specific guess that Hanlon's Razor slices up in seconds without some kind of data other than 'seems'.
Well “seems” because it is not like the government is going to say they are favouring the wealthy and “seems” as Canada really has not built the homes for the amount of immigrants. So the evidence is pretty clear. You must not live in Canada because if you did you would not need data, but there is plenty of you look, like the cost of rent and homes. Totally out of whack. Not just my opinion but the majority of Canadian’s less those investing in real estate of course.