\u201cNonpermanent resident (NPR) net flow remained negative following caps on international students and temporary foreign workers, with a net outflow of 171,000 in the quarter,\u201d Kavcic said, noting that the impact has been \u201ccutting deeply in B.C. and Ontario, where the population has declined 0.7% in the past year.\u201d<\/p>\n
TD Economics previously highlighted how an\u00a0immigration slowdown \u201ccools Canada\u2019s rental market\u201d<\/a>\u00a0even as affordability remained strained. An\u00a0RBC analysis<\/a>, meanwhile, said new immigration rules were likely \u201cto cool housing demand,\u201d with fewer temporary residents expected to soften demand for rentals and entry-level homes, even as some were fast-tracked to permanent status.<\/p>\n Bank of Montreal (BMO) senior economist Sal Guatieri\u00a0said during a conference this year\u00a0that\u00a0lower immigration \u201cwill be a bit of a dampener on consumer spending and, of course, the housing markets and rental markets for a little while.\u201d\u00a0<\/p>\n Mortgage demand to shift, not vanish<\/p>\n For lenders and brokers, the question is no longer whether population growth alone could carry origination volumes, but where future borrowers would come from and how sticky demand would prove in key regions.<\/p>\n Alberta still posted modest growth and continued to lead interprovincial inflows, even as Ontario, Quebec and British Columbia recorded net declines.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cNonpermanent resident (NPR) net flow remained negative following caps on international students and temporary foreign workers, with a…\n","protected":false},"author":2,"featured_media":544952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,152800,6680,44,23179],"class_list":["post-544951","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-canada-population","tag-immigration","tag-news","tag-population-decline"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/544951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=544951"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/544951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/544952"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=544951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=544951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=544951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}