Tag: Immigration

Canada Sees Record Exodus of Temporary Residents in Q3

Canada recorded its highest quarterly outflow of non-permanent residents in recent years, with nearly 250,000 people departing in the third quarter of 2024, according to Statistics Canada data released this month.

The exodus marks a significant increase from typical quarterly outflows of 120,000 to 150,000 people, and nearly doubles the outflow seen in the same quarter last year when about 135,000 departed.

Despite the surge in departures, Canada maintained positive net migration of non-permanent residents, with inflows of nearly 297,000 people during the same period, resulting in a net gain of 47,187 temporary residents.

The data (which can be seen here) captures departures of work and study permit holders, their family members, and includes individuals transitioning to permanent residency status.

The sharp increase in outflows comes amid Canada’s broader efforts to manage immigration levels, following record-breaking temporary resident arrivals in 2023. In Q3 2023, the country saw its peak inflow of 453,103 non-permanent residents.

Statistics Canada noted that these estimates may differ from Immigration, Refugees and Citizenship Canada figures due to varying methodologies and reference dates.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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