Canada’s new immigration policies strike the right balance, say economists

Canada’s efforts to curb immigration have been working to ease rental prices and stabilize employment, according to a new report by TD Economics.

In their report, Beata Caranci and Marc Ercolao found that reduced temporary resident and permanent resident admissions have accounted for a 36% slow down in projected rent increases, and nearly a full percentage point reduction in unemployment.

They also share one surprise finding: Canada’s reduced population growth has not been accompanied by a drop in household spending.

These findings come right as the federal government is expected to release its upcoming Immigration Levels Plan .

Last year’s Immigration Levels Plan 2025-2027 broke away from the trends of the last few years, scaling back on targets for permanent residents (PRs) admi