Another record year for Canadian immigration met demographic and labour market needs in 2023. Many new permanent residents in Canada are former international students who studied there and earned PR. Immigration prospects make Canada a top foreign student destination.
How many international students were granted permanent residency in 2023?
62,410 foreign students—technically, international graduates—became permanent citizens of Canada in November 2023, according to IRCC data. Compared to the 52,740 abroad graduates who enrolled as students in 2022, it was 9,670 greater.
Students can earn permanent residence through job experience with the Post-Graduation Job Permit (PGWP). Some Provincial Nominee Program (PNP) streams give overseas graduates PR instantly. In 2023, roughly 23,150 international students obtained PR.
International students frequently receive PR. How?
Canada allows foreign graduates to work and immigrate, unlike many other prominent international student destinations. Most overseas students—62,410 who got PR last year—follow this path. In November 2023, 62,410 international students or graduates became permanent Canadian citizens, according to IRCC data.
CIC News reported 9,670 more than last year. Most of these students got permanent residency through work permits after graduation. Data from the Canadian government shows that 23,150 graduates of Provincial Nominee Program (PNP) courses were granted permanent residency overseas immediately upon graduation.
IRCC data shows rising living and housing costs, raising concerns. Temporary workers, international students, and non-residents increase Canada’s population. The government is thinking about setting intake limitations for non-permanent residents, according to Immigration Minister Marc Miller. Limitations on temporary workers could be detrimental to Canada’s economy.
However, banning temporary workers and international students caused economic concerns. Desjardins Securities warns that restrictions on international students and temporary workers may hinder Canada’s economy, with a projected 0.7% GDP decline in 2024, while the Express Entry Program remains the quickest route for foreign students to obtain Canadian permanent residency.
For aspiring students eyeing the Canadian dream, MAK Immigration Consultants stands as a trusted partner. With expertise in navigating the intricate pathways from education to permanent residency, MAK provides tailored guidance and support. Your journey to becoming a Canadian permanent resident starts with the right advice: – let MAK Immigration Consultants be your compass.
