Canada slashed migration and housing costs dropped. There may be lessons for Australia (opens in new tab)

While rising vacancy rates caused a dip in rents and home prices, it hasn’t solved Canada’s chronically unaffordable property marketCanada’s decision to radically cut migration levels and slash the number of foreign workers and students in the country has delivered on its goal of reducing housing costs, experts say.In the grip of a post-pandemic surge in overseas migration that was judged to be contributing to unaffordable housing and stretched public services, the Canadian government under f...