In line with government policy to slow immigration to reduce demand for housing, permanent immigration to Canada fell below 400,000 persons in 2025, roughly 90,000 fewer than in 2024 and the lowest since 2020.
National immigration levels fall in line with government policy objectives
Population growth curbs aimed at closing housing demand, supply gap
CoStar Analytics
February 24, 2026 | 1:12 P.M.
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