The imbalance between the number of people moving to B.C. and the amount of new housing being built is fuelling B.C's housing affordability crisis. Permanent and non-permanent immigration has surged in the last few years, with 180,000 people moving from other jurisdictions and 40,000 new housing units completed. This is a stark contrast to the average number of newcomers between 2008 and 2018, which was 38,000, and the decade-long average of 10,000 non-permanent residents. This imbalance has been remarkably stable over the past three decades and is continuing to cause housing affordability issues in B.C.
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