This is because of an aging society, and Canada is among the majority of countries that will experience such a shift.

Globally, the number of people aged 60 years and older outnumbered children younger than 5 years already in 2020, according to the World Health Organization. Between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%.

Among the larger economies, China is among the most effected by an aging society (far more than Canada). The number of people over 60 years will reach 28% by 2040, the WHO says. Some experts fear that China gets old before it gets rich, stating that in 2019, around 75% of older people (aged 60 years or older) in China suffered from noncommunicable diseases such as cardiovascular disease, diabetes and hypertension.

In 2050, 80% of older people will be living in low- and middle-income countries, according to the WHO forecast.

[Edit typo.]

Corporate canada sold the myth its poor or middle class brown people's fault instead of their insatiable appetite for endless profits even if there isnt productive growth to match it. Galen Weston testifying to parliament during covid that he deserves to pursue profits even amidst a pandemic is exactly the problem.

Immigration isn't an answer either.

Allowing the middle class to actually exist, and flourish, is how you correct for a lack of children. You don't do it by taking adults (and potentially their kids eventually) from someplace else. That just isn't an actual solution at all.

Taxing corporations and making housing both attainable and the middle class existing is how you get people to decide they actually want kids. No one that looks at the state the world is in is likely to choose to bring more children into it if they have any thoughts other than "I want kids." I have a kid, but I'd never choose to have another because the world is in upheaval.

Immigration is a bandaid on a limb that has been lost. It's not helping.

Governments aren't building houses anywhere, they're trying to get the private sector to do it. Which isn't working very well most places.