New immigration plan aims to stabilize population growth, housing market: minister

The Canadian government estimates there are 235,000 Canadians who experience homelessness. A 2020 study suggests that there are 1.3 million unoccupied homes in Canada

Something tells me a 0.2% population decline (approximately 80,000 people, although they estimate 670,000 homes won't have to be built) isn't going to be a magic bullet solution.

edit: My math was off by an order of magnitude, which means the real numbers are more outlandish 🙃

The new immigration levels plan will cause a 0.2 per cent population decline over the next two years, a government press release said. It said the plan will also "reduce the housing supply gap by approximately 670,000 units" over the next few years.

We have 41m people. A 0.2% decline is around 82,577 people. So the 670,000 fewer units isn't relative to the current supply, it's relative to what the demand would have been.

Wonder how population would decline unless temporary visa isn’t renewed more than new visas approved.