Impacts of Reduced Non-Permanent Residents on Population Growth

The podcast episode delves into the significant impact of reducing non-permanent residents on population growth in Canada. Currently, the population has been growing by around 1.3 million, mainly driven by temporary workers and international students. However, with the government's plan to decrease the share of non-permanent residents to 5% within three years, a sharp decline is expected. This reduction could lead to a substantial drop in population growth rates, potentially from 3.2% to 0.6%, significantly affecting various sectors like rental markets and inflation.