Canada Announces Major Cut to Immigration Targets Amid Housing Concerns

The Trudeau government plans to reduce both permanent and temporary immigration levels, citing economic pressures and public concerns over housing and healthcare access.

The Canadian government will lower immigration targets by 21% next year, reducing permanent residents to 395,000 in 2025 and further decreasing to 365,000 by 2027.
Temporary residents will be reduced to 5% of the total population by 2026, requiring a net loss of approximately 900,000 temporary residents.
Economists predict the immigration cuts could ease housing market pressures and rent inflation, but may also impact Canada's labor force and economic growth.
Immigration Minister Marc Miller acknowledged that the government should have acted sooner to address the rapid influx of temporary migrants.
The policy shift reflects a response to public concerns over immigration's impact on housing affordability, healthcare access, and social cohesion.