RBC Calls for Immigration Reset as Policy Shifts Slow B.C. Housing Market

The Royal Bank of Canada issued a stark diagnosis: Canada's immigration strategy "has lost its edge," calling for a complete reset to rebuild trust in the system. RBC's report argues that population shocks, frequent rule changes, and a weakened points system have created an unstable environment undermining economic goals.

Off the Record

Behind the headlines, Ottawa faces a classic political bind. The Liberal government pumped immigration to fuel growth between 2022 and 2024,...