Mark Carney Announces Plan to Cap International Students and Temporary Workers

In a recent press conference, Canada's new Prime Minister, Mark Carney, outlined the Liberal government's strategy to address housing stress by capping the number of international students and temporary foreign workers. This decision marks a significant shift in Canada's immigration policies, aiming to balance population growth with resources and infrastructure.

Key Takeaways

The government's plan includes capping international students and temporary workers to under 5% of Canada's population by 2027, down from 7.3%. This change is part of broader efforts to alleviate housing and infrastructure pressures. Other initiatives include cutting GST on new homes priced between $1 million and $1.5 million and promoting modular housing.