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The Canadian government has confirmed a 20% reduction in permanent resident admissions, lowering its target from 500,000 in 2025 to 365,000 by 2027. This decision is intended to ease housing market pressures, as rapid population growth has increased demand for housing beyond available supply.
Immigration Minister Marc Miller stated that the reduction would decrease the need for approximately 670,000 housing units by the end of 2027. While the government remains committed to attracting skilled workers, it aims to balance economic growth with social infrastructure capacity.
5000 Yonge St., Suite 1901 Toronto, Ontario, Canada M2N 7E9 5000 Yonge St., Suite 1901 Toronto, Ontario, Canada M2N 7E9
Info@myvisalaw.com