Right so zero net tourists, therefore zero housing pressure? Nope, that's why people complain about AirBnB.
My point is that picking a number at a point in time doesn't say much about the housing pressure - as the zero net tourists example shows.
Without knowing more about the number of temporary immigrants throughout the year (e.g. total number in Canada per month), the number of temporary immigrants as a yearly value is not much use (just as net zero tourists is not much use). Kinda depends on how quickly the temporary immigrants roll over.
Also, I noticed an article implying that Canada is much more successful at getting wealthy immigrants:
Immigration lawyers [in NZ] are worried by a dramatic drop in the number of millionaires receiving so-called golden visas. "If you have investors looking at options they're going to go for an easier option, they're going to go for Canada", he said.
My point is that picking a number at a point in time doesn't say much about the housing pressure - as the zero net tourists example shows.
Without knowing more about the number of temporary immigrants throughout the year (e.g. total number in Canada per month), the number of temporary immigrants as a yearly value is not much use (just as net zero tourists is not much use). Kinda depends on how quickly the temporary immigrants roll over.
Interestingly enough NZ and Australia have sharply reduced the number of working visas. https://www.rnz.co.nz/news/political/513642/immigration-chan...
Also, I noticed an article implying that Canada is much more successful at getting wealthy immigrants: