In recent times, the Canadian government has garnered a fair bit of support for its migration policy, as it moves to reduce the number of temporary visa holders and run a negative rate of net overseas migration in pursuit of having infrastructure, government services and housing catch up with the growth seen in demand.
In this effort, the Canadian government has successfully realized its stated goals, reducing net overseas migration from a peak of 1.23 million in the year to March 2024, to a figure of -217,800 in the year to March 2026.
According to data from property portal, Rentals.ca, this move has seen Canadian rents begin to fall and keep falling in year on year terms for 23 consecutive months with little to no sign on the horizon of falls drawing to a close.
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