Canada’s parliamentary budget officer says the federal government is overestimating the impact its new immigration plan will have on the country’s housing shortage.

In October the Liberal government announced it was cutting the number of permanent residents allowed into the country between 2025 and 2027.

The PBO has previously reported that Canada needs to build another 1.3 million homes by 2030 to close the housing gap – and today it says the revised immigration plan will reduce that by 45 per cent, or 534,000 units.

The Liberal government is overestimating how much an immigration reduction will narrow Canada's housing gap, advises the PBO,{ai:summary}<p>Canada's parliamentary budget officer indicates that the government's new immigration plan may not significantly alleviate the housing shortage. The Liberal government recently announced a reduction in the number of permanent residents allowed from 2025 to 2027.</p><p>The PBO previously stated that Canada needs to construct 1.3 million homes by 2030 to address the housing gap, and the revised immigration plan is expected to reduce this need by only 534,000 units, or 45 percent. #society</p>

Ottawa overestimating revised immigration plan's impact on housing, says PBO

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