Canada has announced a reduction in new immigration targets, aiming to "pause population growth" and address concerns over housing costs. The 2025-2027 Immigration Levels Plan will lower the number of new permanent residents from 500,000 to 395,000 in 2025 and 380,000 in 2026, with a target of 365,000 for 2027. This move aims to ease pressure on housing and address concerns about the cost of renting or owning a home.

Source: https://www.wionews.com/world/canada-announces-to-reduce-new-immigration-by-21-per-cent-770497