Canada's drastic reduction in migration levels, particularly among foreign workers and students, has led to a significant drop in housing costs, according to experts. This policy, enacted in late 2024 under former Prime Minister Justin Trudeau, aimed to address the pressures on housing and public services caused by a surge in immigration post-pandemic. As a result, average asking rents have fallen for 17 consecutive months, with some cities seeing apartment prices drop by up to 35%. However, while this has alleviated some housing pressures, the affordability crisis persists, with many Canadians still unable to afford basic housing. Experts note that the influx of temporary migrants had overwhelmed the rental market, necessitating a reevaluation of immigration policies. Carolyn Whitzman, a housing researcher at the University of Toronto, emphasizes that the real issue lies in inadequate planning for housing needs associated with immigration. The situation in Canada mirrors challenges faced by Australia, where similar demographic shifts and housing shortages are evident. As both nations grapple with aging populations and labor shortages, effective planning for housing and immigration will be crucial for future economic stability.