The Canadian economy is fueled by rising real estate prices, price gouging/profiteering by a select few families, and wage suppression.
I'm not surprised the government is enticing 10k (and potentially more) tech workers who are running out of time on their H1-B to come to Canada.
I only hope these jobs are for skilled workers who already have a decade+ of experience and are specialists, otherwise we're going to have a lot of natural-born Canadians graduating college that will have next to no chance at finding entry-level work.