Official immigration statistics released by the Canadian government

Trudeau's 2025-2027 Immigration Cuts Projected to Reduce Housing Gap by 534,000 Units, or 45%, PBO Reports

Nov 17, 2024, 03:40 PM

Prime Minister Justin Trudeau's recent immigration policy changes are projected to significantly reduce Canada's housing gap. According to a report from the Parliamentary Budget Officer (PBO), the government's 2025-2027 Immigration Levels Plan could decrease the housing gap by 534,000 units, amounting to a 45% reduction. The PBO also indicated that the federal government has overestimated the impact of immigration on the housing market. While the cuts are expected to alleviate housing pressure, the PBO notes that the effects may be less pronounced than the government anticipates. Trudeau has stated that the new plan aims to lower the number of immigrants entering Canada, both temporarily and permanently, as part of a broader strategy to address housing supply issues.