Canada Global(Web News)Due to the burden on housing and other services, the federal government has decided to keep the number of new permanent residents in Canada steady in 2026. The announcement was made by the Immigration Minister on Wednesday.
Immigration Minister Mark Miller laid out the targets for the next three years in Parliament on Wednesday. He said the number of permanent residents will be kept stable at 500,000 in 2026. The plan called for the 2024 and 2025 targets to rise to 485,000 and 500,000, respectively, but stabilize afterwards. The Liberals have increased those targets sharply over the past few years and introduced new targets in 2021 and 2022. gone. Permanent residents broke all records.
These increments are being evaluated at the same pace. The government also has to deal with the issue of affordable housing with available resources. There is a lot of pressure on the government to address these issues. Miller said the contribution made by immigrants to Canada’s economic growth and labor market is balanced by coming there.
Speaking at a press conference Wednesday, Miller said the increase in the number of new permanent residents does not directly increase the demand for housing. Because new immigrants may need housing, they also help build new housing stock.