Report from the BBC, reporting that tens of thousands of US citizens are fleeing to Canada as economic refugees. Also a report on www.chycho.com
Canadians will also need to be prepared for this influx, especially considering that the average processing time for a refugee claim in Canada is currently 14.2 months, “a period during which the applicant is eligible for financial and other support. A failed claimant then also has the right to seek leave to appeal his or her rejection to federal court.” If the American refugee crisis continues to grow as analysts predict, then the cost to Canadians will be astronomical.
Aside from tens of thousands of Americans becoming refugees in their own country, there is another problem. As The Atlantic is reporting, “the subprime crisis is just the tip of the iceberg. Fundamental changes in American life may turn today’s McMansions into tomorrow’s tenements.” Over 60% of the homes in certain communities “were in foreclosure as of late last year. Vandals have kicked in doors and stripped the copper wire from vacant houses; drug users and homeless people have furtively moved in.”
