It is true that world population is anticipated to stabilize at aroind 11 billion by about 2100. There are fewer babies being born everywhere, not just in Weatern countries. It will change economies, no doubt. Here's an article that discusses what that might look like.
https://worldview.stratfor.com/weekly/population-decline-and-great-economic-reversal
From your link:
The argument I am making here is that population decline will significantly transform the functioning of economies, but in the advanced industrial world it will not represent a catastrophe — quite the contrary. Perhaps the most important change will be that where for the past 500 years bankers and financiers have held the upper hand, in a labor-scarce society having pools of labor to broker will be the key. I have no idea what that business model will look like, but I have no doubt that others will figure that out.
The effect on housing prices is one consequence of a growing population that causes real harm to people already living here. There are others. For example, if one cares about Canada's commitments to reduce CO2 emissions then the worst thing we could do is increase the population because every new person adds to the emissions.
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