Marc Miller Big Statement

Canada is still an ‘open country’ despite immigration cuts, says minister. Canada’s immigration strategy is evolving, with a focus on managing population growth while addressing housing shortages.

The reduction in immigration levels might lead to a slight population decline, but the government seems to believe that this approach will help stabilize the housing market.

The new immigration levels plan will cause a 0.2% population decline over the next two years, a government press release said.

It added the plan will also reduce the housing supply gap by approximately 670,000 units over the next few years.

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