Finance Canada warned of record population surge due to immigration

[border_humper]

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, with serious consequences for housing, wages, and economic productivity. The July 2024 document, an access to information release shared with True North, sai

truenorthwire.com

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.

“Canada has faced unprecedented population growth over the last couple of years, driven largely by increases in temporary residents,” the note stated. “This has helped fill labour shortages but has made housing less affordable and hurt productivity and GDP per capita.”

Charts in the document showed that Canada’s population grew by more than one million people in both 2022 and 2023, a pace not seen since the postwar boom. The federal analysis identified work permit holders as the largest group, accounting for nearly half of all temporary residents, followed by international students and asylum claimants.

Statistics Canada separately reported that Canada’s population increased by 1.27 million in 2023, with 97.6 per cent of that growth coming from international migration — the fastest expansion since 1957.

Despite promises to rein in temporary immigration, new federal data show the trend has continued under Prime Minister Mark Carney.

Between January and April 2025, Immigration, Refugees and Citizenship Canada finalized more than 817,000 newcomeradmissions across permanent and temporary streams. That included 132,100 new permanent residents, 194,000 study permits and 491,400 work permits.

A separate Immigration Ministry briefing note dated May 1, 2025, reported that temporary foreign workers now account for nearly 19 per cent of Canada’s 16.5 million private-sector employees, with the overall temporary resident population exceeding three million.

That figure includes an estimated 129,000 people who overstayed visas, along with 644,000 study permit holders, 164,000 family members without permits of their own and more than 280,000 asylum claimants holding work permits.

The Carney government has pledged to reduce temporary admissions to five per cent of the population by 2027 and to cap permanent resident admissions at about 400,000 per year.

But with more than 2 million applications still backlogged and immigration inflows running at record levels, those commitments remain far from realization.

Unions have also raised alarms.

In March, Ironworkers Local 97 in B.C. urged Ottawa to pause the Temporary Foreign Worker program, warning it was weakening wages and employment opportunities for Canadian tradespeople at a time of rising U.S. tariffs.

The warnings echo Finance Canada’s 2024 analysis, which cautioned that mass migration undermines housing affordability, wage growth, and the long-term prosperity of Canadians.

 

[Squishybear]

Can’t wait to hit rock bottom

 

[Hirudinea]

Don't count on it, when we hit rock bottom the Liberals will start digging a hole.

 

[Squishybear]

I can’t wait to re-emerge in south east Asia?

 

[Hirudinea]

@Squishybear

More like North Korea.

 

[Squishybear]

@Hirudinea I was more going for the where would we come out on the other side of the world if we dug a hole.

 

[Hirudinea]

@Squishybear

Well that could still be North Korea, I mean do you think this government could even dig a straight hole?

 

[Squishybear]

@Hirudinea Well now that you mention it…

 

[ovarieasy]

cautioned that mass migration undermines housing affordability, wage growth, and the long-term prosperity of Canadians

Working as intended.

 

[Rusty Canuckleford]

All according to Mark Carney’s Century Initiative.

 

[Beers2Freedom]

Canada has faced unprecedented population growth over the last couple of years, driven largely by increases in temporary residents,” the note stated. “This has helped fill labour shortages but has made housing less affordable and hurt productivity and GDP per capita.”

Drive by Superstore in Kelowna everyday around 5 pm. There are 10+ busses in the parking lot, with hundreds us black men imported directly from Africa. It's shocking to see.

Mexicans as well, tons of them imported to pick at the farms/orchards.

All the Jeet owned Orchards import immigrant slaves. You don't have to pay them much and the Government pays you per head.

 

[hugh_madd]

Literally dozens of “new” (that is to say fresh off the boat but usually 40-50 years old) blacks being dumped into Regina and Saskatoon weekly, if not daily. They’re flooding in faster than the jeets at the moment, at least it feels that way.

These ones aren’t working, either, they simply mill about and take up healthcare resources.

 

[ayn_rands_ghost]

Don't let your wives and daughters go out alone..

 

[Chicken_Sandwich]

The Mexican crop pickers thing has been around a long long time though and they actually are temporary. They pick crops and then go home when the season is over

 

[FiatFallacy]

Thank god we have a government report to tell us what the "far right bigots" have been saying for a decade.

 

[TrudeausEyebrow]

Metro Town Mall today, peak back to school shopping season for students.
My eye ball population break down of shoppers......1000 faces scanned, only ONE SINGLE WHITE STUDENT spotted.