XPost: can.politics, bc.politics, van.general   
   XPost: tor.general   
      
   Many of them are the ones putting pressure on housing - prices and shortages -   
   across Canada.   
   Ask yourselves:  Other than developers, builders and realtors, who is   
   benefiting from skyrocketing house prices ?   
   And also ask yourselves:  Why are NON-permanent residents able to buy up   
   properties in Canada to cause the price hikes and shortages?   
      
   Here's more of what they're affecting  .  . . .   
   ___________________________________________   
   CBC News Posted: Apr 29, 2015   
      
   Non-permanent residents are force in Canadian economy: CIBC   
   CIBC finds growing TFW and student demographic could affect housing market,   
   consumer spending   
      
      
   Non-permanent residents make up an increasing number of the under-45 generation   
   in Canada, more than doubling to 770,000 in the past decade, according to a   
   CIBC study.   
      
   That means they are a substantial demographic force and have an impact on   
   housing activity and consumer spending, particularly in Ontario and British   
   Columbia.  In total, there are 450,000 more non-permanent residents in Canada   
   now than there were 10 years ago.   
      
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   	[Harper has been in power for 9 years now]   
      
   CIBC found almost half these people are temporary foreign workers, or workers   
   on contracts, an increase of 10 percentage points in the past 10 years.   
      
   About 38 per cent are students, a five-percentage-point increase, but the   
   number of refugee claimants waiting for word on their status in Canada is   
   making up a smaller percentage of the group, at 12.2 per cent.   
      
   "Unlike immigrants, the TFWs don't have a predictable impact," said Benjamin   
   Tal, CIBC economist and author of the report.   
      
   He said many of people in this cohort of 384,200 non-permanent workers are in   
   middle-income and professional jobs, and have every expectation of gaining   
   status to remain in Canada.   
      
   That means they are boosting demand for rental properties and contributing to   
   overall retail spending like other middle-income Canadians.   
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   Some are even taking the plunge into the housing market, despite their   
   temporary status.   
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   Because almost 95 per cent of these people are under age 45, they make up an   
   important demographic of young workers, helping counteract the decline in the   
   number of Canadian-born people in that age group.   
      
      
   Large numbers in Ontario, B.C.   
      
   The most powerful demographic and economic impact is not in the tight labour   
   markets of Alberta and Saskatchewan, but in British Columbia and Ontario, Tal   
   found.   
      
   The number of non-permanent residents tripled in Ontario between 2006 and 2013.   
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   If those people hadn't arrived, the province would have lost 120,000 people in   
   the important cohort that is forming households and powering economies.   
      
   In B.C., the number in the 25-44 age group would have been flat if the   
   non-permanent residents total hadn't doubled.   
      
   "It is not a coincidence that those two provinces are also the ones to   
   experience long-lasting strong housing market activity," Tal said in his   
   analysis.   
      
   The implication is that any new federal policies to alter the status of TFWs   
   should take into account their importance as spenders in the Canadian economy.   
      
   "The main issue is to take into account the economic impact of such large   
   numbers.  The number is big enough to change the trajectory," Tal said.   
      
   He said the 2013 numbers, which he drew from Statistics Canada, may   
   underestimate the number of non-permanent residents in Canada compared to more   
   recent figures from Citizenship and Immigration Canada.   
      
   He points to a 14 per cent growth in new permits for TFWs and nine per cent   
   growth in extensions in 2014.   
   There is very little evidence such workers are returning to their home   
   countries, he said.   
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   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)