Squibbler
You might aswell apply for permanent residency now...but don't expect it to come through quickly.
I applied a year and a half ago...since then I got the job with NAV Canada...passed my security clearance and medical...obtained a work visa and married a native....have got a mortgage already...purchased a car on finance and opened two bank accounts.
When I rang immigration to find out why I still hadn't received my permanent resident card they said it was still being processed (after a year and a half) and it could take any time up to 3 years from the date I first applied.
Efficient eh!
Good luck with the study visas aswell....hopefully someone can help you cut the corners.