Latest Update: Canada's New Immigration Caps and Housing Initiatives Unveiled
Make · May 04, 2025
Prime Minister Mark Carney has announced a series of significant measures by the Liberal government aimed at easing housing strains and advancing Canada's economy. Key announcements include capping the number of international students and temporary foreign workers, eliminating federal trade barriers, and launching new housing initiatives.
Key Takeaways
The government plans to cap international students and temporary foreign workers to stabilize housing, reduce GST on new homes to assist first-time buyers, and support developments in modular housing. Additionally, federal trade barriers will be removed to maximize Canada's economic potential, while a $25 billion initiative will enhance housing construction.