Useful Information for Newcomers: Renting vs Buying in Canada

Credit to Author: TD| Date: Wed, 20 Nov 2024 16:20:34 +0000

For newcomers to Canada, finding a place to live may be a top priority. With many housing options available, it can be hard to choose between renting and buying and you might wonder whether a short-term or long-term solution is better for you. In this article, we will explore the benefits and drawbacks of both […]

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The five most important things to know about renting in Canada

Credit to Author: Lakeem Rose| Date: Thu, 24 Oct 2024 12:00:15 +0000

Newcomers may be unfamiliar with important information about renting in Canada. For example, tenants can enjoy many protections under some provincial rental regulations, but may fail to take advantage these protections if they haven’t learned about them. Moving to Canada? Sign up for our special newsletter! To give you the tools to navigate this foreign […]

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The average cost of buying a home in Canada’s largest cities

Credit to Author: Asheesh Moosapeta| Date: Wed, 21 Aug 2024 12:00:10 +0000

Housing has become a key issue for Canadians in 2024, with much attention given to the impact that changing interest rates, population increases, natural emigration patterns, and other factors have had on housing costs. After compiling a guide on rental costs across Canada in 2024, CIC News has prepared the following guide on the costs […]

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Study finds more newcomers are considering moving to escape housing costs

Credit to Author: Edana Robitaille| Date: Mon, 15 Jul 2024 12:00:12 +0000

Newcomers are becoming more likely to leave their current province, or Canada altogether, in search of more affordable housing according to a recent survey by the Angus Reid Institute, a non-profit research foundation. The cost of housing in Canada over the past few years has reached levels that make it difficult, and sometimes unattainable, for […]

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Recent policies that may make home ownership more affordable for eligible newcomers to Canada

Credit to Author: Vimal Sivakumar| Date: Thu, 18 Apr 2024 13:00:55 +0000

On April 11, 2024, Deputy Prime Minister/Finance Minister Chrystia Freeland announced several new housing affordability measures designed to help first-time buyers and current homeowners. In light of the federal restrictions on foreign home buyers last year (more on that later), newcomers to Canada may be curious if they are eligible for any of the recently […]

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Budget 2024: How will it impact Canadian immigration?

Credit to Author: Edana Robitaille| Date: Wed, 17 Apr 2024 13:00:17 +0000

Canada’s Minister of Finance Chrystia Freeland has tabled federal Budget 2024 to Parliament. Canada releases a budget annually that sets the tone for spending in the upcoming fiscal year. It plays a major role in how life will be managed for all people in Canada, including newcomers. For example, the Budget outlines the national plan […]

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Comparing rental costs across Canada

Credit to Author: Asheesh Moosapeta| Date: Mon, 15 Apr 2024 13:00:29 +0000

Increased housing costs have been a recurring theme across Canada over the last few years. This has led the government to take multiple steps to help ease these costs over the next few years. These measures include a recent announcement by Prime Minister Trudeau promising an additional $15 billion CAD in federal loans for upcoming […]

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What can newcomers expect from Budget 2024?

Credit to Author: Edana Robitaille| Date: Fri, 12 Apr 2024 13:00:24 +0000

Prime Minister Justin Trudeau, as well as several Liberal ministers, have made announcements regarding what can be expected from the upcoming Budget 2024. The Budget, which is set to be tabled to Parliament on April 16, is released annually and helps set the tone for how Canada will be governed in the coming year. In […]

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Canada implements policies to increase affordability of housing and groceries

Credit to Author: Asheesh Moosapeta| Date: Fri, 16 Feb 2024 14:00:43 +0000

A new Leger poll conducted for OMNI news, illustrated the effect of an increasing cost of living on newcomers in Canada. According to the study, 83% of the 1522 newcomers surveyed felt that affordability issues were making settling in Canada more difficult. Simultaneously, a recent study by Statistics Canada found that more than a third […]

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Canada implement policies to increase affordability of housing and groceries

Credit to Author: Asheesh Moosapeta| Date: Fri, 16 Feb 2024 14:00:43 +0000

A new Leger poll conducted for OMNI news, illustrated the effect of an increasing cost of living on newcomers in Canada. According to the study, 83% of the 1522 newcomers surveyed felt that affordability issues were making settling in Canada more difficult. Simultaneously, a recent study by Statistics Canada found that more than a third […]

The post Canada implement policies to increase affordability of housing and groceries first appeared on CIC News.

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