Canada may be considering immigration target revisions as housing crisis persisits
Canada may revise its immigration targets as it continues to struggle with a growing housing crisis. The country aims to welcome 465,000 new permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025.
Canada's Housing Minister, Sean Fraser, has highlighted the need for a balanced approach to immigration policy, acknowledging the need to consider changes while maintaining a commitment to high immigration levels.
In an interview with CTV, Fraser emphased on aligning immigration policies with the absorptive capacity of communities, including factors like housing, healthcare, and infrastructure, reflects a practical approach to addressing the issues at hand. This approach recognizes that immigration should be managed in a way that doesn't overwhelm existing resources and services.
The recognition that temporary immigration programs may require improvement, particularly in their uncapped nature, indicates a willingness to refine immigration mechanisms to better serve both newcomers and the host communities.
While Fraser acknowledged immigration's role as a strong competitive advantage in Canada's global economy, he also reiterated that it would not be right to to solely blame immigration for the housing crisis.
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The ambitious immigration targets introduced in 2022 were aimed at addressing labor shortages and filling skill gaps in key sectors, reflecting a proactive approach
