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The Trudeau government is expected to announce a significant reduction in immigration targets for the coming years. This marks a notable shift from previous policies that aimed to increase the number of permanent residents in Canada. Here are the key points:
- New Targets: The government plans to admit 395,000 new permanent residents in 2025, 380,000 in 2026, and 365,000 in 2027. This is a decrease from the 485,000 planned for 2024.
- Temporary Residents: The number of temporary residents will also be reduced by about 30,000, bringing the total to around 300,000 in 2025.
For the first time, the government will set annual targets for temporary residents, aiming to reduce their numbers significantly over the next three years. - Reasons for Change: The decision is influenced by concerns over housing affordability and the pace of population growth. Rising housing prices and increased demand have made this a contentious issue in Canadian politics.
- Political Context: With a federal election due by October 2025, the government is responding to public sentiment that suggests a growing number of Canadians believe the country has too many immigrants.
- Economic Impact: The reduction in immigration targets is expected to impact Canada’s labor market, which has relied on high levels of immigration to address workforce shortages and support economic growth.
This policy shift reflects the government’s attempt to balance economic needs with social and political pressures.