Canada Reduces Immigration Targets to Address Housing Crisis

The Trudeau government announces a significant cut in permanent residency numbers to stabilize population growth and ease housing pressures.

Canada plans to reduce its annual permanent resident intake from 500,000 to 395,000 in 2025, with further cuts planned for 2026 and 2027.
The decision aims to address the country's housing supply gap, potentially reducing it by 670,000 units by 2027.
Critics argue that the cuts unfairly target migrants, who are not to blame for Canada's housing and healthcare challenges.
The policy shift reflects a broader strategy to manage sustainable growth amid public concerns over immigration levels.
The reduction will focus on drawing more skilled workers, particularly in healthcare and trades, from the existing pool of temporary residents.