Canada’s strategic move to cap temporary residents is reshaping trends among permit holders. In 2024, the number of newly issued study permits dropped by 24%, yet the end-of-year stock fell by only 4%.

Conversely, work permit issuances declined 4% but stocks surged by 19%. Data analysis reveals that 64% to 79% of permit holders retained their status after one year, declining to under 40% by year three.

Study permit holders most often maintained status, while IMP permit holders more frequently transitioned to permanent residency. These findings highlight the substantial impact of permit transitions and renewals on the overall number of non-permanent residents.

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