Migration In Canada

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Introduction:
In recent years, the Saskatchewan province has been experiencing an unparalleled level of economic boom which has been a great source of affluence in the economy. The current evolution of the province has resulted housing prices to escalate and restrict vacancy rate units in the rental market. However, there should be a concern about the variation in the vacancy rates which will affect the rental units so it needs to be considered as an important element in the housing market. Eventually, booming economy will drive up lots of factors such as the demand for housing will go up, there will be more employment opportunities, it will boost the population growth, it will also raise the rental price for housing units which will lead to low vacancy rates. If there are low vacancies it means there are not enough housing units available both for ownership/rental. Generally, a shortage in the supply of housing makes people to comprise their living standards by condensing their quality of life because people in low income spectrum cannot cope up with the rising prices of housing in comparison with their income. So, it will ultimately limit the migration of the Saskatchewan cities’ and there will be low economic growth which will have a negative impact in Saskatchewan’s GDP growth. For the purpose of my paper, I will consider the two largest cities of Saskatchewan: Regina and Saskatoon. …show more content…
GDP growth/Economic growth: “An increase in the capacity of an economy to produce goods and services, compared from one period of time to another (Investopedia,

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