The federal government’s new immigration levels plan will stabilize population growth and relieve pressure on the housing market, Immigration Minister Marc Miller said Thursday.

As CBC News reported Wednesday, the government is cutting the projected number of new permanent residents from 485,000 this year to 395,000 in 2025, with further cuts to 380,000 in 2026 and 365,000 in 2027.

Under the previous plan released last November, Canada was expected to admit about 500,000 in both 2025 and 2026.

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