My assumption is that temporary residents no longer consume housing at the end of their stay in the country so, provided the rate of growth in the number of temporary residents is low, their net consumption of the available housing stock over time would also be low. I haven’t seen the growth figures to judge.
Where we stand today, the absolute number of temporary residents are consuming some percentage of housing but I suggest that is the current baseline and is less useful discussing how to solve the problem going forward, unless anyone is advocating for a net reduction in the absolute number going forward. However, I haven’t seen that as part of the discourse and would consider that an extremely short term measure with its own set of ramifications.
Right, what we need is a net number of temporary residents leaving subtracted from temporary residents coming in. Given that Canada's model is to encourage immigration though, it would be good to have that number.
Where we stand today, the absolute number of temporary residents are consuming some percentage of housing but I suggest that is the current baseline and is less useful discussing how to solve the problem going forward, unless anyone is advocating for a net reduction in the absolute number going forward. However, I haven’t seen that as part of the discourse and would consider that an extremely short term measure with its own set of ramifications.