A new Nanos Research survey reveals that over half of Canadians support reducing immigration levels in 2027, signaling a potential shift that could reshape the Greater Toronto Area’s real estate market.
The survey, conducted from October 31 to November 2, 2026, found that 52.3% of respondents favour fewer arrivals, while only 33.5% support maintaining current levels. Ontario specifically showed 53.5% support for reductions—just below the national average.
For GTA real estate professionals, this trend carries significant implications. Newcomers and temporary residents have been primary drivers of rental demand and entry-level home purchases—two segments critical to broker origination volumes. RBC economist Rachel Battaglia warns that “reduced inflows have significant effects on Canada’s rental markets,” with further cuts potentially accelerating rental market cooling.
The pressure extends beyond demand. Canada’s shrinking workforce is already straining construction labour capacity, limiting new-home completions precisely when immigration-driven buyer demand is contracting. This supply-demand mismatch could create market pressures throughout the GTA.
The survey’s findings mirror March 2026 polling, suggesting sustained public appetite for immigration restrictions. Industry leaders remain divided on implications—some argue for policy reversals, while others maintain that even changes may not substantially boost housing activity.
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