Finance Canada warned of record population surge due to immigration
A Finance Canada briefing note warned last year that Canada was undergoing “unprecedented population growth” driven by temporary residents.
A Finance Canada briefing note warned last year that Canada was undergoing “unprecedented population growth” driven by temporary residents, with serious consequences for housing, wages, and economic productivity.
The July 2024 document, an access to information release shared with True North, said the federal government had set a target of reducing the share of temporary residents to five per cent of the population within three years. Instead, the proportion has since climbed above seven per cent, nearly double the level recorded in 2019.
