Trudeau government’s surge in immigration, tighter mortgage rules have created an all-out war for rentals in Toronto

…As U.S. President Donald Trump has clamped down on high-tech visas and amped up the anti-immigration rhetoric Prime Minister Justin Trudeau has taken a more welcoming approach. Canada took in a record 413,000 people from abroad in the year through July 1, pushing population growth to 1.4 per cent, the fastest in the Group of Seven.

Almost 100,000 of those immigrants have landed in Toronto in the past year, including refugee claimants, a surge in international students and workers chasing thousands of new high-tech jobs at companies like Uber Technologies Inc. and Microsoft Corp. Add in those who can’t meet stricter mortgage regulations after house prices jumped 60 per cent in the past five years and it’s been an all out war for rentals.

You are collateral damage. Immigration policy in Canada is designed solely to benefit business and the political class.

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