I appreciate the data-supported arguments but the comment on doubling was a stated goal of the Canadian national government. The Canadian population is presently projected to double in 26 years. Geographically constrained places with high immigration like Australia and Canada are shockingly unaffordable right now. These places are the canary in the coal mine for the US, which may have plenty of usable land on paper, but has the same issues with a self perpetuating cycle of the major metro areas having all the jobs and limited room to grow. The population is up 50% in my lifetime and I think that accurately reflects real estate becoming increasingly unattainable.
Edit: I guess what I'm saying is that housing-as-investment is wrong, but the basis for housing-as-investment (and indeed all investment) is the projection of increased future demand. In developed nations, this comes from immigration. If the population were shrinking indefinitely, housing certainly wouldn't be increasing in value
Canada and Australia are both very large counties with relatively small populations. They are in no way geographically constrained.
The population distribution of Canada and Australia is not an accident. The coasts and more temperate climates are much more hospitable.
I know a number of Canadians who live in those less dense areas .(I grew up in MN, and sometimes went north to a chruch camp in Canada) there is a lot of room near the border for people.
There's a lot of land in North Dakota as well. It's super flat, boring, and winters are ultra cold and windy as hell. There are very good reasons it has a low population. It's further south than most of the places in Canada you're talking about.
EDIT: I'd like to add that "we're not overpopulated, there's plenty of land!" isn't really the whole story, either. Occupying every square mile that can be occupied should not be a goal. Leaving more places in a natural state without human impact is highly desirable, IMO.
I appreciate the data-supported arguments but the comment on doubling was a stated goal of the Canadian national government. The Canadian population is presently projected to double in 26 years. Geographically constrained places with high immigration like Australia and Canada are shockingly unaffordable right now. These places are the canary in the coal mine for the US, which may have plenty of usable land on paper, but has the same issues with a self perpetuating cycle of the major metro areas having all the jobs and limited room to grow. The population is up 50% in my lifetime and I think that accurately reflects real estate becoming increasingly unattainable.
Edit: I guess what I'm saying is that housing-as-investment is wrong, but the basis for housing-as-investment (and indeed all investment) is the projection of increased future demand. In developed nations, this comes from immigration. If the population were shrinking indefinitely, housing certainly wouldn't be increasing in value
Canada and Australia are both very large counties with relatively small populations. They are in no way geographically constrained.
Huge areas of Canada are at high latitudes and very dark, cold, and inhospitable in the winter. Something like 50% of Canada's population lives south of the northern extent of the US (i.e. south of Seattle, the Upper Peninsula of Michigan, half of MN, and almost all of MT/ND.
https://www.secretmuseum.net/wp-content/uploads/2019/09/canada-population-density-map-this-is-how-empty-canada-really-is-photos-huffpost-canada-of-canada-population-density-map.gif
Huge areas of Australia are desert.
The population distribution of Canada and Australia is not an accident. The coasts and more temperate climates are much more hospitable.
I know a number of Canadians who live in those less dense areas .(I grew up in MN, and sometimes went north to a chruch camp in Canada) there is a lot of room near the border for people.
There's a lot of land in North Dakota as well. It's super flat, boring, and winters are ultra cold and windy as hell. There are very good reasons it has a low population. It's further south than most of the places in Canada you're talking about.
EDIT: I'd like to add that "we're not overpopulated, there's plenty of land!" isn't really the whole story, either. Occupying every square mile that can be occupied should not be a goal. Leaving more places in a natural state without human impact is highly desirable, IMO.