The Trudeau government's new immigration plan will shrink but not eliminate the housing shortage in Canada, a new report from the Parliamentary Budget Officer estimates.

The Liberal government's recent reduction of immigration levels will reduce the need for new housing units nearly in half by 2030, according to a new report from the Parliamentary Budget Officer.

Prime Minister Justin Trudeau’s plan to restrict inflows of newcomers will narrow the country’s gap between housing supply and demand, according to a budget watchdog.

Canada’s efforts to pause population growth will help to close the country’s housing shortfall, but balancing the market still requires a pick up in construction, according to a new report from the country’s budget watchdog.

Canada's parliamentary budget officer says the federal government is overestimating the impact its new immigration plan will have on the country's housing shortage.