Overview
- November 2025 saw just 2,485 new study permit holders, down 97% from the December 2023 high.
- From January to November 2025, arrivals included 60% fewer new students (157,380 fewer) and 47% fewer new temporary workers (177,465 fewer), for a combined drop of 334,845.
- IRCC plans up to 408,000 study permits in 2026 with 155,000 for new entrants, consistent with federal targets of 155,000 in 2026 and 150,000 in 2027–2028.
- Measures driving the downturn include mandatory provincial attestation letters, higher financial proof, capped off‑campus work hours, narrower PGWP eligibility, and restricted spousal open work permits.
- Universities report steep enrollment declines and are preparing budget and staffing cuts, including a 36% drop in new bachelor’s entrants and widespread reductions expected in 2026.