Thank you, Mr. Zuberi. I appreciate that.
I haven't read the report, but I have been given high-level information on it, and I also had, at the end of last week, an opportunity to speak virtually with the writer of the report. I thank her for her work. It's very important that these audits happen.
What I want to stress is that this is a preliminary look at the international student program. It covers 18 months of reforms out of a four-plus-year reform that IRCC has initiated, and for four months of that 18 months, I've been a minister.
We need to remember the context of these changes to the program. I know some of you were around in 2022. I was around, but I was not a member of this committee. You studied the international student program very intensely in 2022 and made several recommendations. My understanding is that you're doing that again this year, and we will welcome whatever recommendations you're going to come up with after the study here as well.
The context, though, is really important. Prior to the 2025 immigration levels plan, Canada did not have annual targets for temporary residents. That was under the Liberal government and the Conservative government. Those were the two political parties that would have been in power in the last decades.
In the postpandemic years, we saw a rapid, demand-driven increase in international students that quickly became unsustainable. We realized—the previous government, parliamentarians, Canadians, everybody—that could not go on, so beginning in 2024, the government made quick and significant changes, because Canadians told us it had to happen.
There were some big, disruptive pivots to reduce the numbers and strengthen integrity, and we're seeing results and seeing that it's worked. The international student population has dropped by a third since 2024. Student arrivals in 2025 dropped over 60% from 2024, and that trend continues in 2026. Pressure on housing and services has been reduced, and asking rents, as I said in the previous response, have dropped.
Following the first phase of the government reform, the sector responded with a plea for predictability. In fact, I held many meetings as the minister with many in the sector who said, “Please, the 2024 changes were so hard on us. We need predictability. We need to know what is happening.” I heard that, and I believe I have delivered a stable student target for 2026-28 in the levels plan.
The early audit cannot offer a complete picture of these reforms. It can inform, though, what we do on a go-forward basis, as can the report that you will be putting out. In the report, the Auditor General recognizes the progress we are making to reduce the student numbers, to diversify the student population and to improve the integrity of the program.
We agree with most of her recommendations, and if you'd like, I can tell you what we are doing to ensure what our actions are.