"Reverse Immigration: Canada's Soaring Cost of Living Drives Out Migrants"
The high cost of living and rental shortages in Canada are leading to a reverse immigration trend, with increasing numbers of immigrants leaving the country. While Canada has been actively promoting immigration to address its aging population and fuel economic growth, the rising trend of people leaving could undermine these efforts. Skyrocketing housing costs are cited as the main reason for immigrants considering leaving, with Vancouver and Toronto being particularly expensive. The Canadian government has recently capped its target for new residents to ease pressure on the housing market, but for some, it may be too little too late.