Last year saw a record-breaking 431,645 immigrants welcomed to Canada in order to address population aging and labour shortages. The Trudeau government's plan to combat the immigration shortfall caused by the pandemic aims to welcome 1.45 million immigrants over the next three years and 500,000 annually by 2025. Economic immigrants have been allocated the majority of the permanent-residency spots, however it remains to be seen the affect this will have on the residential real estate market, with increased activity and higher rent prices. The majority of immigrants are expected to end up in major cities in Ontario, followed by British Columbia, Quebec and Alberta.

    Why Canada Immigration Reaches New Peak in 2022 ?

    Last year saw a record-breaking 431,645 immigrants welcomed to Canada, as the country seeks to fill labour shortages in sectors such as health care and construction. The numbers, released by Immigration, Refugees and Citizenship Canada (IRCC), mark an increase over the previous high of 405,000 in 2021. 

    This is part of the Trudeau government's plan to combat the immigration shortfall caused by the pandemic, and address population aging and labour shortages. Immigration now accounts for three-quarters of Canada's population growth, with the government aiming to welcome 1.45 million over the next three years (equivalent to 3.8% of the population) and 500,000 annually by 2025. 

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    Economic immigrants, who have money to invest, can fill a job or open a business, have been allocated the majority of the permanent-residency spots. It remains to be seen whether this will help to fill vacant low-wage jobs in accommodation, food services, retail and health care assistance. 

    The influx of immigrants could also affect the residential real estate market, with increased activity and higher rent prices. 

    The majority of immigrants are expected to end up in major cities in Ontario, followed by British Columbia, Quebec and Alberta, with the government aiming to place new permanent residents in small towns and rural areas. IRCC has been dealing with application backlogs since 2021 and has doubled the number of applicants processed from 2021 to 2022.

    How Many Immigrants Will Come To Canada In 2023?

    In 2023, Canada is likely to continue its trend of welcoming immigrants from all over the world, who are eager to experience a better life, and contribute to the country’s diverse population and culture.

    Immigration to Canada has been growing steadily over the past decade, and is expected to remain strong in 2023. The Canadian government has made it easier for people to enter the country, and has increased the number of visas and residency permits available. As a result, more people are able to make their way to Canada and begin the process of becoming a Canadian citizen.

    The government has also implemented a number of initiatives to assist immigrants with their transition to Canada. These include language and skills training, job placement programs, and other support services. These initiatives have made it easier for newcomers to adjust to their new home, and to find meaningful employment.

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    Canada’s immigration system is based on a points system, whereby those with the most points are eligible for citizenship. Points are awarded for factors such as education, work experience, language proficiency, and other skills. As a result, those with higher qualifications, or with specific skills in demand, are able to gain entry quicker than those without.

    The Canadian government also allows individuals and families to apply for permanent residency, which allows them to remain in the country for an indefinite period. Permanent residents are also able to obtain a Canadian passport and enjoy the same rights and privileges as Canadian citizens.

    In addition, the government has launched a number of specialized immigration programs, including the Express Entry program. This program allows immigrants to apply for permanent residency without having to go through the traditional application process.

    Overall, immigration to Canada in 2023 is likely to remain strong, as the country continues to welcome more immigrants each year. With the right qualifications and skills, immigrants should have no problem finding work, and making a successful transition to life in Canada.

    Can I Get PR Through Investment Immigration To Canada?

    Yes, investment immigration to Canada is one of the many ways to become a permanent resident. Through this program, individuals can invest in the Canadian economy and in return, receive a Canadian permanent resident visa. The minimum investment amount is currently CAD $1.2 million, with a minimum of five years of experience in business or management.