Canada’s Permanent Resident applications way down

Despite record immigration numbers, Canada’s population boom may have run into a reality check, as data from July shows a huge drop has taken place in permanent resident applications.

Canada’s Permanent Resident applications way down

Government data shows a 15% monthly drop in permanent resident applications and a 28% decline compared to last year, as reported by Better Dwelling. 

Moreover, the annual growth rate in the second quarter of this year was nearly half of what it was in the first quarter.

Tough economy

The Liberals have attempted to address Canada’s skilled labour shortage with record high immigration targets. 

The Express Entry program, introduced in 2015, serves as a pathway for attracting skilled labor directly to permanent residency. While it started well, it seems to have hit a roadblock.

In fact, Canada has had a 17.5% drop in Express Entry applications compared to the previous year, with just 10.2k applications filed. 

The vast majority of foreign students are also leaving Canada rather than applying for permanent residency (PR).  Only one in thirty-four foreign students are converting to gain their PR.

Housing Crisis

In a Wednesday announcement meant to tackle Canada’s growing housing crisis, Prime Minister Justin Trudeau re-introduced funding that was already allocated towards — and factored into — the current housing supply shortage.

The Prime Minister’s housing announcement was simply a re-introduction of the Housing Accelerator Fund that was earmarked in his party’s 2022 budget. He said London is the first city that would see parts of this funding.

In June 2022, the Canada Mortgage and Housing Corporation (CMHC) included this funding in their assessment when sounding alarm bells and warning the feds that an additional 3.5 million units would need to be built by 2030 to restore housing affordability.

Share this story

Donate now to keep us on the front lines:

Help Keep your News Free

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.

[wpp limit=6 order_by='views']

YOU MIGHT ALSO LIKE THESE...

Trending News

The University of Waterloo filed a lawsuit against a Pro-Palestine encampment seeking 1.5M in damages.

Alexa Posa

June 28, 2024

Trending News

According to an Innovative Research Group poll, while the majority of Canadians (60%) don’t have a strong opinion or feel split on the issue, most still support the free speech of both sides of the conflict.

TCS Wire

June 26, 2024

Trending News

The federally-funded Toronto Star, which once wrote “let them die” referring to unvaccinated people, published an article claiming Canadians haven’t lost any freedom.

Alexa Posa

June 21, 2024

Trending News

“It’s going to be much lower.” Poilievre finally commits to reducing immigration.

Mike Campbell

June 21, 2024

Trending News

In an interview, Foreign Affairs Minister Melanie Joly said, “Listen, when I hear these loaded words, I feel that it’s really hurting our democracy. Because fundamentally, foreign interference is a real thing.”

TCS Wire

June 18, 2024

Trending News

Trudeau announced he’s sending another $52.4 million to Ukraine but is holding off on sending CAF members.

TCS Wire

June 17, 2024

Want to join the conversation?

Sign up now to be able to like, comment and reply to other members. A full membership to our site includes:

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.