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Canada's Immigration Eases Housing Strain, Boosts Jobs

11/3/2025

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Summary

Story summary

A TD Bank report says Canada's immigration slowdown eases pressure on the housing market and stabilizes the labor force.
Unemployment has decreased to 7.1%, down from an estimated 8% if immigration had continued.
The federal government aims to align immigration with community capacity amid housing shortages and infrastructure strain.
Canada expects about 395,000 permanent residents in 2025, well above pre-pandemic levels.
Ottawa's updated immigration plan is anticipated later this fall.

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Story summary

A TD Bank report says Canada's immigration slowdown eases pressure on the housing market and stabilizes the labor force.
Unemployment has decreased to 7.1%, down from an estimated 8% if immigration had continued.
The federal government aims to align immigration with community capacity amid housing shortages and infrastructure strain.
Canada expects about 395,000 permanent residents in 2025, well above pre-pandemic levels.
Ottawa's updated immigration plan is anticipated later this fall.