Canada’s policy on immigration has made the country a welcome home to immigrants for years
Canada welcomes over three times as many newcomers as the US on a per capita basis, which accounts for nearly 340,000 immigrants annually. Even with the pandemic, Canada remains an attractive destination for families abroad. As the population continues to increase, so does the demand for housing. Although there is an increase in demand and housing prices are on the rise, increased flexibility with mortgage lending and lowered interest rates have made the real estate market more accessible to first-time home buyers.
Canada is a welcoming country for newcomers and a land of opportunity. Contact Canada Immigration Express for step-by-step help with the immigration process.
Immigrants to Canada live around three years in the country before purchasing a home. Twenty-one percent of houses are purchased by newcomers. In fact, it is predicted that immigrants will buy over 680,000 homes in Canada over the next five years. Close to 75 percent of immigrants relocating to Canada arrive with money allocated for purchasing a new home. In the Greater Toronto area, newcomers account for 32 percent of homeownership. As we get through the pandemic, the high Canadian immigration rate will be a highlight for the real estate market on a national and regional scale. Canada is experiencing a demand for housing and new construction is on the rise.
Canada Immigration Express understands the challenges that come when trying to immigrate to a new country. Their team of professionals will provide you with a confidential assessment to determine the best option to achieve your immigration goals. They understand getting settled as quickly as possible is your goal, and it is theirs as well.