Canada's Immigration Cuts Show Promise for Aussie Housing Market

Canada has cut back dramatically on immigration in recent years, resulting in a reported easing of rental pressures and an improvement in its housing crisis.

According to Chris Kenny, host at News24, Canada's economy is similar to Australia's, with both countries having traditionally high immigrant populations.

Kenny notes that the immigration cuts have had the desired impact: rent prices are reportedly going down, and the housing crisis has been eased.