Canada Sets Targets to Reduce Temporary Residents by 20% Over Three Years

1 min read
Source: Bloomberg
Canada Sets Targets to Reduce Temporary Residents by 20% Over Three Years
Photo: Bloomberg
TL;DR Summary

Canada plans to reduce the number of temporary residents by about 20% over the next three years, as the influx of temporary residents has exacerbated housing shortages in the country. This decision comes as Canada, which heavily relies on immigration as an economic driver, aims to set a target for temporary resident arrivals for the first time.

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