The recently unveiled Immigration Levels Plan for 2025-2027 is set to have far-reaching effects on Canada’s demographic and economic landscape. While projections indicate a slight population decline of 0.2% in 2025 and 2026, a rebound to 0.8% growth is anticipated in 2027. This strategic approach addresses the housing crisis by potentially reducing the supply gap by 670,000 units. Moreover, the plan is expected to foster robust GDP growth, accelerate per capita GDP, enhance housing affordability, and lower unemployment rates, showcasing a comprehensive strategy to balance immigration with economic prosperity.
