Hon. Ratna Omidvar: Senator Gold, I have a question for you, and it is about immigration. A study by the Desjardins group has determined that planned large-scale immigration — planned by the government; I support it; you know that — will lead to higher real GDP growth at the national level and in all Canadian provinces. At the same time, the impact on per capita real GDP growth is more mixed, depending on where immigrants settle and possibly how quickly they are able to use their education and qualifications in the employment market. However, there is a real knock-on effect on housing. The current supply of housing is insufficient. This will lead to increased pressure in housing prices, and the impact will be felt across the country.

Senator Gold, my question to you is this: What is the government planning to do to increase the housing supply in Canada for Canadians and immigrants?

Senator Omidvar: Thank you for that answer, Senator Gold. The report by Desjardins also points to a solution, and that is the dispersion of immigrants to all parts of our country, not just the hot spots of B.C. and Ontario, in particular, to the Prairie provinces. They note that this would decrease the pressure on housing prices and housing affordability in certain parts of Canada and provide a substantive offset to the impact of higher immigration on home prices.

Can you help us understand the government’s current plan with the current immigration numbers for better distribution of immigrants across the country? Thank you, Senator Gold.