Economic impact of immigration to Canada

Overview for Canada

The economic impact of immigration is an important topic in Canada. Two conflicting narratives exist: 1) higher immigration levels help to increase GDP and 2) higher immigration levels decrease GDP per capita or living standards for the resident population and lead to diseconomies of scale in terms of overcrowding of hospitals, schools and recreational facilities, deteriorating environment, increase in cost of services, increase in cost of housing, etc. A commonly supported argument is that impact of immigration on GDP is not an effective metric for immigration. Another narrative regarding immigration is the replacement of the aging workforce. However, economists note that increasing immigration rates is not an entirely effective strategy to counter it. Policy Options found that mass immigration has a null effect on GDP. Increased immigration numbers and the associated soaring housing prices have significantly contributed to the rise of inflation in 2021 to the highest in 18 years.

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