If the jobless rate growing, people will move out to other city where they can find a job.
If the jobless rate growing, immigrates will go elsewhere, such as Calagray instead of Toronto.
If the jobless rate growing, there are no many people can afford. Even the people with a job do not feel secure and dare not buy a house, who knows who will be the next one to be laid off.
There are new immigrates coming, but they can not save the whole economic.