Tag: immigration
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Over Two Million Non-Permanent Residents Leave Canada by 2026 as Part of Its “Immigration Reset”
As part of its plan to curb population growth, the Canadian government has set a target to reduce the number of non-permanent residents (NPRs) over the next two years. This comes after a massive surge in immigration following the pandemic. Over two million non-permanent residents are expected to leave the country by 2026 as their…
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Canada’s New Immigration Caps Could Lower Rent and Address Housing Shortages
In a major policy shift, Canada has announced cuts to immigration targets, aiming to ease economic pressures—particularly in the housing market. The government’s revised immigration plan will lower the cap on permanent residents and set limits on temporary residents, a move that is expected to have significant impacts on housing demand, particularly in rental markets.…
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Ministers propose that one way to decrease temporary Canadian residents is by making them permanent
Canada’s Immigration Minister, Marc Miller, recently announced a strategy aimed at reducing the number of temporary residents in the country. The government’s goal is to lower the percentage of temporary residents from 6.2% in 2023 to 5% by 2027 by converting many of them into permanent residents. “We are looking at ways to ensure our…
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Canada to put a cap on temporary residents for the first time
In a significant policy shift, Prime Minister Justin Trudeau’s administration is set to introduce caps on temporary residents entering Canada for the first time this fall, aiming to address the country’s housing crisis and mitigate inflation. Presently, temporary residents, including students, asylum seekers, and temporary workers, comprise approximately 2.5 million individuals or about 6.2% of…
Canada Housing Market 