Canada Implements New Immigration Policy, Affects Economy and Real Estate

The Canadian government's decision to limit temporary migrants is expected to slow economic growth and impact commercial real estate values.

Canada plans to reduce the number of temporary immigrants by 20% over the next three years, affecting economic growth and inflation.
The policy change is anticipated to halve Canada's population growth rate, impacting the labor market and housing demand.
Government spending is growing at twice the pace of revenue, raising concerns over fiscal sustainability.
Manulife Financial Corp. reports a 40% decline in the value of its U.S. office investments, highlighting challenges in the commercial real estate sector.
The commercial real estate sector faces a 'hangover' from past lending practices, with calls for transparency and resolution of distressed properties.