Certainly. Thank you for your question. I'll be a bit repetitive, so forgive me, but I feel it's important for Canadians, and members of this committee as well, to hear this.
In case people forget, Canadians gave our government a mandate to restore sustainability to immigration and to reduce pressure on housing and services. That's exactly what we are doing.
Under our plan, Canada is stabilizing the permanent resident population. We're reducing temporary residents to up to 5% of our population by the end of 2027. We're reaching the highest proportion of economic migrants in decades under our tabled plan, and we're attracting the top talent that Canada needs. Reducing international student numbers is essential to lowering the share of non-permanent residents to below 5% of Canada's population.
Five reports have just come out, with recent analysis from the Parliamentary Budget Officer, TD Bank, Rentals.ca, Statistics Canada and CMHC. All confirm that Canada is on track and that our reforms are already helping ease pressure on housing and the labour market.
In 2025, temporary resident arrivals were down by more than half. Asylum claims were down by more than a third. Our population stopped growing and dipped slightly. Since 2024, the international student population alone has fallen by a third. In the fourth quarter of 2025, the population of non-permanent residents fell by 171,296, a fifth consecutive quarter of non-permanent resident reductions, which has brought this group to 6.5% of Canada's population as of January 1, 2026. Asking rents have dropped for 17 consecutive months. Statistics Canada reports that housing inflation is the lowest it has been in nearly five years.
Last year, we met each and every one of our immigration ranges for the first time in at least a decade. The Parliamentary Budget Officer has confirmed that we are on track to fulfilling the commitments we made to Canadians.
Canadians can see that their new government does not just have targets; we are meeting targets. Unlike other parties, which, quite frankly, have a script on immigration—that's fine; that's them—we have a plan. Our plan is working. It is to ensure that we have a sustainable immigration system for the future, and it is to deliver results for Canadians.