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A recent study conducted by Tony Fang, a Canadian professor at the University of York in Vancouver, found that Canada needs to increase the number of immigrants coming to Canada in order to encourage investment in housing and to help boost the nation\u2019s economy.<\/p>\n
Fang suggests that Canada needs an additional one million immigrants to better support the Canadian economy. Researchers in the study took into account a variety of factors, such as immigrants\u2019 participation in the work force, immigrants\u2019 spending on government services and infrastructure, and the amount of funds brought into Canada by immigrants.<\/p>\n
Fang also noted that by bringing in more than 100,000 immigrants a year to Canada can help increase Canada\u2019s GDP by 2.3 percent. Also, by increasing Canada\u2019s population, a higher demand for goods and services, particularly housing, would result.<\/p>\n
The study also concluded that higher levels of immigration could add $14 billion in tax revenue for the Canadian government.<\/p>\n
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