Publish Date: 24/10/2024
In a significant policy shift, Canada will reduce its immigration targets over the next few years, largely in response to rising housing costs and increasing public concerns. According to a government source, the number of new permanent residents allowed into the country will drop from 485,000 in 2024 to 395,000 in 2025, followed by further reductions to 380,000 in 2026 and 365,000 in 2027. This marks the first time in several years that Canada has opted to lower its immigration intake.
The reduction also extends to temporary residents, with projections for 2025 now set at 300,000, a decrease of 30,000 from previous targets. This adjustment comes as Canada prepares for a federal election and grapples with social and economic pressures related to immigration. The high cost of housing, particularly in major cities, has fueled debates on how the country manages its growing population of newcomers, as well as the strain on infrastructure and public services.
The upcoming Immigration Levels Plan, expected to be released by November 1, will provide further details on the new targets and how they align with broader government objectives heading into the election year.
India: +91 9650116699
Canada: +1 647 641 0944
Australia: +61 415 383 393