Canada has unveiled its immigration plan for 2024-2026, retaining the same targets as the previous year’s 2023-2025 plan, taking into account the ongoing housing crisis in the country, according to official data.
The official plan outlines Canada’s intention to admit over 485,000 new immigrants in 2024. This target will include 485,000 permanent residents (PRs), with an additional 500,000 immigrants planned for both 2025 and 2026.
The immigration plan provides detailed targets for each of the three immigration classes: economic, family, and humanitarian. The announcement was made in the annual release from Immigration, Refugees and Citizenship Canada (IRCC) on November 1.
In 2024, the Express Entry system is set to admit 110,700 permanent residents, which will increase to 117,500 in both 2025 and 2026. The Provincial Nominee Program aims to admit 110,000 immigrants in 2024, with an increase to 120,000 annually for 2025 and 2026.
The Spousal, Partner, and Children sponsorship category has a target of 82,000 admissions in 2024, increasing to 84,000 in 2025 and 2026. Similarly, the Parents and Grandparents Program (PGP) is expected to welcome 32,000 newcomers in 2024, with an additional 34,000 planned for both 2025 and 2026.
Canada faces immigration challenges driven by economic necessity. However, the country is grappling with a significant housing crisis. Additionally, it is dealing with an aging population and low birth rates, which pose economic and fiscal pressures.
These demographic factors have resulted in a shrinking labor force and lower economic growth, making it challenging to fund essential social services such as education and healthcare, as mentioned in a statement by IRCC.
The announcement follows Immigration Minister Marc Miller’s commitment to bringing about significant changes in Canada’s immigration system. “IRCC has been engaging with stakeholders and the public throughout the year to help shape the future of a stronger immigration system,” the Canadian immigration minister stated.
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