Canadian Population Archives - Better Dwelling

Canadian Job Vacancies Are Falling Sharply As Excess Labor Rises

Daniel Wong — Mon, 18 Dec 2023 18:10:45 +0000

Canada’s once tight labor market, a key driver of wages and shelter costs, is loosening. Statistics Canada (Stat Can) data reveals job vacancies declined further in Q3 2023. The drop is a double-edged sword: roles being filled is good news, but job creation is failing to keep up with population growth. Canada is adding roughly […]

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This Week’s Top Stories: Bank of Canada’s Real Estate Spin & Speculators Turn To Arson

Better Dwelling — Sun, 10 Dec 2023 17:36:20 +0000

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Bank of Canada Is Pushing A False Real Estate Narrative To Divert Blame: BMO Last week, the Bank of Canada (BoC) claimed the country has a long-standing housing supply issue. This ticked off a number of experts that have been following this […]

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Canada Tries To Save Face With Study Permit “Limit” AFTER Demand Collapse

Stephen Punwasi — Mon, 04 Dec 2023 18:05:12 +0000

Canadian policymakers are floating the idea of capping study permits, but they don’t need to. Government of Canada (GoC) data shows a sharp decline in the number of study permit applications in September. When policymakers first pitched the idea of limiting students to help affordability, it appears they were attempting to save face. The public […]

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Canada Expects Unemployment To Rise 211k Within Months, Mostly Immigrants

Stephen Punwasi — Wed, 22 Nov 2023 18:35:57 +0000

Canada’s government is bracing for winter, and not the kind that brings fluffy white stuff. This week the Government of Canada (GoC) released its 2023 Fall Economic Statement. Buried amongst notes on higher deficit spending is a forecast for a sharp decline for labor. Unemployment is forecast to rise by hundreds of thousands of people […]

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Canada’s International Student Boom Is Ending As Indian Applications Plummet

Stephen Punwasi — Tue, 31 Oct 2023 17:10:35 +0000

Canada may have just killed one of its last golden geese. Immigration, Refugees and Citizenship Canada (IRCC) data shows new study permits made a sharp drop in August 2023. The decline can be attributed almost entirely to falling applications from India, a market that represented nearly half of all permits in 2022. The loss of […]

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BC To Fast Track Immigrants To Fix Canada’s Real Estate Agent Shortage

Stephen Punwasi — Tue, 24 Oct 2023 17:05:40 +0000

Canada’s record population growth has amplified a labor shortage in key professions. BC is hoping its new International Credentials Recognition Act (ICRA) can help. The recently tabled legislation is designed to attract immigrants to certain fields by recognizing foreign credentials. Most would agree on the list of professions, with just a tiny exception. Have you […]

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Canadian Unemployment Claims Rip To 2008 High, Disqualifications Soar

Daniel Wong — Thu, 21 Sep 2023 18:31:05 +0000

Canada’s tight labor market is getting more questionable with each data release. Statistics Canada (Stat Can) data reveals employment insurance (a.k.a. unemployment) claims jumped in July. Excluding the pandemic, the country hasn’t seen this many claims since 2008. The surge occurred alongside a major uptick in claim disqualifications. Canada Has Seen A Major Uptick In […]

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If Canadian Unemployment Is So Low, Why All The Long Job Lines?

Stephen Punwasi — Thu, 14 Sep 2023 17:31:58 +0000

Canada’s labor market is just off record lows, but a quick drive and it may not seem that way. Statistics Canada (Stat Can) reported the unemployment rate was 5.5% in August, just off the record low. Yet viral videos are popping up with lines of hundreds of people looking for entry-level jobs. More and more […]

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Canadian Population Growth Requires 50k New Jobs Per Month: Stat Can

Daniel Wong — Fri, 08 Sep 2023 15:26:31 +0000

Canada’s population boom led to a talent windfall, but the country has no idea how to use it. Statistics Canada (Stat Can) data revealed much better-than-expected job gains in August 2023. However, those job gains failed to keep up with the population growth, ultimately softening the labor market. It may get a lot worse soon, […]

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Canada’s Student Visa Strategy Takes Off, Nearly 1 In 48 People On A Study Permit

Stephen Punwasi — Mon, 28 Aug 2023 20:08:05 +0000

Canada has seen a surge of study permits issued, a key part of its population growth strategy. Immigration, Refugees and Citizenship Canada (IRRC) data shows study permits, a.k.a. student visas, surged higher in Q2 2023. The surge isn’t just about population growth, but is also a part of a plan to help maintain its waning […]

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