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.
