Honourable Chair and esteemed members of the committee, thank you for the opportunity to appear before you today to discuss Canada's immigration levels. I am grateful for the chance to contribute an economic development lens and an Atlantic Canadian lens to this important conversation.
I'm Wendy Luther, president and CEO of Halifax Partnership, Halifax's public-private economic development organization. To begin, I'll provide a brief history on population growth in Halifax and in Atlantic Canada more broadly.
For decades, Atlantic Canada's economic growth lagged behind that of the rest of the country. In a place full of natural resources, natural beauty and industrious people, how could this be?
Well, according to Don Mills and David Campbell in their 2025 book, Toward Prosperity: The Transformation of Atlantic Canada's Economy, our economy's sluggish performance is largely due to slow or no population growth. In fact, the average number of foreign-born Canadians is about 23%. This is four times the average in Atlantic Canada.
To put it another way, from 1971 through 2025, the population growth rate in Atlantic Canada has exceeded the rate for Canada overall in only four years: 1983, 2021, 2022 and 2025. This demographic trend has limited the region's economic dynamism and ability to attract investment, underscoring the critical role that immigration can play in driving prosperity and addressing long-standing challenges.
Over 10 years ago, in 2014, the Ivany report, “Now or Never: An Urgent Call to Action for Nova Scotians”, emphasized the critical need to increase Nova Scotia's population to ensure long-term economic sustainability and vitality. The report set a bold target of growing the province's population to one million by 2025. Nova Scotians took these recommendations to heart and we were very proud to reach this milestone goal, reaching a population of one million ahead of target in 2021.
Now that our population was growing, instead of stagnating or shrinking, there was no end to the opportunities we could seize. Existing businesses were expanding and new businesses were choosing to locate in Halifax. Also, our GDP was growing ahead of the Canadian average, while unemployment and youth unemployment remained low.
In 2022, Halifax launched its next economic strategy, “People. Planet. Prosperity.” That brings us to 2027, with an ambitious goal to grow our population to 525,000 and our GDP to $25 billion by 2027.
By 2024, our growth was so fast, up to 4.2%, and undeniably causing some growing pains. We met the moment and addressed these challenges. Our population goal was in sight and our GDP goal was met two years early.
However, recent immigration policy changes put these gains at risk in 2024, when the Government of Canada announced a significant shift in immigration policy and targets. In weeks, Canada fell significantly from its place as a first-choice destination for international students. Recent EduNova data shows that, globally, 38% of prospective students and applicants said they are reconsidering their study abroad plans in Canada.
On the ground here in Nova Scotia, this means that we have significantly undershot our quotas because of the message that Canada wasn't open for business. Last year's plan for a 20% reduction in Canadian permanent resident targets has led to a 34% reduction in Nova Scotia's permanent residence admissions so far. Although we had made great strides in population growth, it is highly unlikely that natural population growth will make up for our aging population, so we are not out of the woods from our considerable demographic challenges.
Access to talent is key to Halifax's value proposition in attracting and retaining business in our municipality. The strength of our graduates, including our international student graduates, and access to efficient and predictable immigration pathways spur business and investment in Halifax.
In meeting our housing challenges in 2025, there were a record 6,676 housing starts in HRM, and we have to ensure the real estate industry is not thrown into disarray by a rapidly slowing economy. We need consistent, predictable immigration policies in order to ensure a reasonably balanced real estate market.
In an increasingly volatile economic and geopolitical environment, we Canadians need to do everything in our control to add stability, predictability and efficiency into all systems, including ensuring we have an immigration system that meets the needs of business and enhances our global competitiveness.
Halifax is open for business. Predictable and appropriate immigration levels and policies ensure our success.
Thank you for your kind attention. I look forward to your questions.