Canada’s birth rate has dropped off a cliff (and it’s likely because nobody can afford housing)
Canada’s birth rate has dropped off a cliff (and it’s likely because nobody can afford housing)
More than a third of young people say they are foregoing children because they can't afford a proper home for them
Statistics Canada confirmed last week that 351,679 babies were born in 2022 — the lowest number of live births since 345,044 births were recorded in 2005.
The disparity is all the more notable given that Canada had just 32 million people in 2005, as compared to the 40 million it counted by the end of 2022. In 2005, it was already at historic lows for Canada to have a fertility rate of 1.57 births per woman. But given the 2022 figures, that fertility rate has now sunk to 1.33.
...
Of Canadians in their 20s, Statistics Canada found that 38 per cent of them “did not believe they could afford to have a child in the next three years” — with about that same number (32 per cent) saying they doubted they’d be able to find “suitable housing” in which to care for a baby.
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A January survey by the Angus Reid Group asked women to list the ideal size of their family against its actual size, and concluded that the average Canadian woman reached the end of their childbearing years with 0.5 fewer children than they would have wanted
“In Canada, unlike many other countries, fertility rates and desires rise with income: richer Canadians have more children,” it read.
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I wonder how much of the cost of living crisis is due to our shitty productivity?
It seems like regulations and government programs favour incumbents, be it telecoms who don't want to deal with upstarts, fish plant owners who don't want to automate, Tims franchises who don't want to pay their workers, or NIMBYs.
I get that there were supply chain issues due to COVID-19, but did those cause problems, or exacerbate existing issues?
The Competition Act was weakly designed with the purpose of allowing a few Canadian companies to grow large. It was thought at the time that this would mean Canada could be a big player on the global stage, but instead it just trapped Canadians in the inevitable consequences of a marketplace dominated by monopolies-- high prices and little choice. You can thank Chicago school economics acolytes and leaders like Mulroney, Reagan, and Thatcher for htis.
High cost of living is one of the causes of recent drops in productivity. There might even be a feedback loop hidden so where in there.