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Federal Government Overestimates Immigration Impact on Housing Gap: PBO

  • The Parliamentary Budget Officer (PBO) reports that the federal government is overestimating the impact of its new immigration plan on Canada's housing shortage.
  • The PBO's analysis suggests that the revised-immigration plan will reduce the housing gap by 45%, or 534,000 units, by 2030.
  • The government had projected a reduction of 670,000 units by 2027, which the PBO considers overly optimistic.