Millions of Canadian visas expire next year and the country isn’t sure how to deal with it. That became clear when policymakers fumbled in parliament when answering what Canada plans to do if people refuse to leave. The Government of Canada (GoC) expects nearly 5 million visas to expire next year, and hopes those who […]
Canada tried to solve its lack of skilled labor with immigration, but it’s having the opposite effect. A new report from the Institute for Canadian Citizenship (ICC), conducted by the Conference Board of Canada, reveals 1 in 5 immigrants that arrived from 1982 to 2019 have already left the country. Those most likely to leave […]
Canada is bracing for a mass exodus of residents and some aren’t too keen on the plan. A few weeks ago, the Government of Canada (GoC) announced it would taper its population, primarily by reducing permanent resident visas. It’s a big problem for the 1.2 million temporary resident visas that expire next year—leading to a […]
Canadian politicians are moving at an alarming speed to reverse its immigration policies, this time targeting students. The Government of Canada (GoC) announced it would be discontinuing the Student Direct Stream (SDS) and Nigeria Student Express (NSE) application program on Friday. The program was designed to expedite study permit approvals in targeted markets, and became […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Immigration Changes To Impact BC & Ontario Real Estate Most: BMO Canada is changing course on immigration and that means real estate investors should pay attention. A new BMO Capital Markets report notes the population declines will be felt the sharpest […]
Canada plans to limit permanent resident visas next year, but they’re already plunging lower without restrictions. Immigration, Refugees and Citizenship Canada (IRCC) data shows permanent resident applications made a sharp drop in July. Even if the current trend stops eroding and stabilizes, the country would struggle to hit next year’s planned limits without any policy […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Prices To Correct After Immigration Cuts: BMO Canada’s oldest bank sees good news for affordability—actual affordability. In a research note to investors, BMO reiterates their belief that Canada has a housing demand problem, not a supply problem. Therefore the […]
Canada’s government just went from labeling critics of its immigration policy as xenophobic to admitting their plan was unsustainable. This morning the Government of Canada (GoC) announced it won’t just throttle immigration, but the country will embrace intentional degrowth. The decision comes after a sharp decline in immigration applications, implying the sudden shift is more […]
One of Canada’s largest provinces is looking to not just slow study permit growth, but reverse it. The Government of Quebec recently tabled legislation to seek greater control of the circumstances in which study permits are issued. This comes as a part of a larger strategy from the region’s policymakers to take on a more […]
Canada’s economy is slowing, and there are concerns that slowing population growth may amplify the issue. A new analysis from BMO shows no historical evidence to support a short—or medium-term correlation between real GDP and population growth. The bank pulled over 30 years of data and found the opposite—real GDP and population growth move in […]
