Canada To Stabilize Immigration Limit at 500,000 Annually Starting 2026

The Canadian federal government has announced its intention to maintain the goal of welcoming 500,000 new permanent residents in 2026, after repeatedly increasing immigration targets in recent years. CBC News reports.

Immigration Minister Marc Miller clarified that this target aims to address labour supply needs while alleviating pressures on housing and healthcare systems. The decision reflects the recognition of the micro-economic impacts of immigration, according to Miller.

Marc Miller
Marc Miller

The government’s recent pattern of raising immigration targets has been driven by the objective of bolstering the labour force and supporting an aging population. In 2023, the government’s plan involved granting permanent residency to 465,000 individuals, with the target set to reach 500,000 by 2025. This represents a significant increase from the 2015 immigration target, which was below 300,000.

While the government acknowledges the importance of these immigration numbers, it is now focusing on evaluating the appropriateness of these levels and making necessary adjustments to Canada’s immigration programs. The goal is to strike a balance and ensure that immigration serves the country’s needs effectively, addressing the complex challenges with a more nuanced approach rather than a one-size-fits-all strategy.

Canada’s population experienced substantial growth, surpassing 1 million in 2022 and crossing the 40 million mark. This population expansion coincides with a housing shortage, with a report from the Canada Mortgage and Housing Corporation in September indicating the need for nearly 5.8 million new housing units by the end of the decade to rectify the housing supply issue.

While the housing shortage has played a role in the decision to level off immigration targets, it is not the sole or primary factor. Experts note that the housing crisis is rooted in factors beyond immigration, including bureaucratic red tape and anti-development sentiment at the municipal level. The federal government is actively encouraging municipalities to amend zoning bylaws through its housing accelerator program.

However, some critics argue that pausing at historically high immigration levels may not significantly alleviate housing affordability issues. They suggest that the pressures on the housing market are likely to persist.

The government’s new plan maintains that 60 percent of immigration will consist of economic immigrants. Goldy Hyder, President and CEO of the Business Council of Canada, recommends increasing this portion to 65 percent to address unfilled job openings for highly skilled professionals and foster technological innovation, labour productivity, and capital investment.

In contrast, Jenny Kwan, the NDP’s immigration critic, raises concerns about the lack of transparency in the government’s plan, emphasizing the need for actionable measures to ensure the successful resettlement of newcomers. She suggests that the plan contains more talk than action, highlighting the importance of concrete plans for effective integration.

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6 months ago

They say one thing and do the opposite. Time shall tell.

Last edited 6 months ago by Anonymous
Don Fitzgibbon
6 months ago

They’re still missing the point . We need housing before this can happen