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Canada's PBO Forecasts Sharp Drop in Non-Permanent Residents

Canada's PBO Forecasts Sharp Drop in Non-Permanent Residents

Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!

February 26, 20261m 37s

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Show Notes

Canadas Parliamentary Budget Officer predicts a significant decrease in non-permanent residents, with their population share dropping from 7.6% in 2024 to under 5% by 2027. The government plans to reduce immigration targets, particularly for international students, and stabilize permanent resident admissions at 380,000 per year. Additionally, 148,000 non-permanent residents will transition to permanent status over the next two years. These changes aim to alleviate pressure on services, with population growth expected to rise modestly to 0.3% in 2027 and remain at 0.8% annually.

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