We should probably not be overly optimistic. IRCC's additional 100,000 places are clearly aimed at applicants who are already living and working in Canada, and SUV applicants tier 1 who already hold a work permit — or even a study permit — are almost certainly the priority group.
After my long journey of more than six years, and having witnessed IRCC's frustration and mismanagement of this program, I agree that we should be cautious and avoid being overly optimistic.
However, frankly, the latest information has renewed our hope. At least, there is now some progress after a period of total uncertainty and blackout. For example, if you were in Tier 2, you may now find yourself in Tier 1, and if you were in Tier 3, you may move to Tier 2.
Furthermore, the quota has increased to 1,500 for 2027, with the possibility of reaching 5,000, while the 2028 target is set at 2,725, before dropping to 1,000 in 2029 for the SUV and Self-Employed programs combined.
Based on these figures, I believe this could clear almost all applicants from 2020, 2021, 2022, and possibly May 2023 over the next three years.
Of course, this is an expectation, not a guarantee, but for the first time in a long while, we have some reason to be hopeful.