I have lived through a serious population decrease in this City (92-95) when 45000 a year left the province for work in Ontario and Alberta. No one can tell me that any particular scenario is inevitable, no matter how the extrapolations make it look. Nothing was being built. I managed buildings with 30% vacancies. You had to offer free rent and other perks. "It's the economy stupid" (not you Brian) as one presidential pundit explained. Now massive immigration does not necessarily make an economy, it just feeds what is there like a short term drug, a drug that requires ever more next year. It is adding to capital ledger in order to balance the deficient operating side. I don't have the answer but what is going on here is certainly not it!
I have lived through a serious population decrease in this City (92-95) when 45000 a year left the province for work in Ontario and Alberta. No one can tell me that any particular scenario is inevitable, no matter how the extrapolations make it look. Nothing was being built. I managed buildings with 30% vacancies. You had to offer free rent and other perks. "It's the economy stupid" (not you Brian) as one presidential pundit explained. Now massive immigration does not necessarily make an economy, it just feeds what is there like a short term drug, a drug that requires ever more next year. It is adding to capital ledger in order to balance the deficient operating side. I don't have the answer but what is going on here is certainly not it!