Buying a home in Canada: Prairies might be best option according to new study

Credit to Author: Edana Robitaille| Date: Mon, 15 May 2023 13:00:23 +0000

A recent report by the Canadian Mortgage and Housing Corporation (CMHC) says that homeownership will be more attainable in the prairie provinces over the next two to three years. The report was released on April 27 and contains an outlook on housing supply and cost for 2023 to 2025. The overall national outlook shows that […]

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Canada’s costly housing market leaves international students open to exploitation

Credit to Author: Canadian Immigrant| Date: Wed, 10 May 2023 15:23:09 +0000

Skyrocketing rent prices in Canada’s major cities are leaving more and more people struggling to find an affordable place to live. This is especially impacting international students.

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Tools for finding your first home as a newcomer to Canada

Credit to Author: Julia Hornstein| Date: Thu, 27 Apr 2023 13:00:54 +0000

As a newcomer to Canada, one of the first things you will need to do is find a place for you and your family to call home. For most people new to Canada, your first home may likely be a rented house or apartment. Discover if You Are Eligible for Canadian Immigration Canada’s housing market […]

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Buying a home in Canada is now easier for newcomers

Credit to Author: Edana Robitaille| Date: Tue, 04 Apr 2023 13:00:41 +0000

Canada’s government is making it easier for newcomers, as well as Canadians, to purchase a home. Last week, the government announced it was reducing some of restrictions of an Act that made it difficult for non-Canadians to purchase residential property. Also, as of April 1st, financial institutions are now able to offer tax-free first-home savings […]

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Most Canadians believe heightened immigration will be valuable to national economy

Credit to Author: Vimal Sivakumar| Date: Sat, 11 Mar 2023 13:00:12 +0000

Reports from urban population centres across Canada suggest that rent prices in these areas are “soaring” as a result of “explosive population growth.” This is creating conditions that are requiring many Canadians to leave major cities and find more affordable housing in other communities. Additionally, there is a belief that immigration may compromise the Canadian […]

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Canada poised to remain a major destination for immigrants if it can maintain its advantage

Credit to Author: Edana Robitaille| Date: Tue, 07 Mar 2023 13:00:40 +0000

Canada’s level of support for immigrants is unique in the world according to a new report, Public Opinion and Immigration: Maintaining Canada’s Advantage, released by the Century Initiative. The national, non-partisan charity advocates for the economic and societal benefits of increasing Canada’s population to one hundred million people by 2100. They say immigration is a […]

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Higher immigration levels in Canada require a boost in home building to keep up with demand

Credit to Author: Julia Hornstein| Date: Thu, 23 Feb 2023 13:00:43 +0000

Desjardins has released a report analyzing the economic impacts of the federal government’s increased immigration targets. Discover if You Are Eligible for Canadian Immigration The study finds that the large scale of planned immigration will lead to higher real GDP growth at the national level and in all Canadian provinces. Consequently, according to the report, […]

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Will Canada be able to house all the immigrants it hopes to welcome by 2025?

Credit to Author: Vimal Sivakumar| Date: Tue, 21 Feb 2023 17:11:53 +0000

According to Canada’s latest Immigration Levels Plan for 2023-2025, the country hopes to welcome a record-breaking number of immigrants over the next three years, with annual targets set at no less than 465,000 and a milestone goal of 500,000 new permanent residents in 2025. In short, these high targets are in place to help Canada […]

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Buying a home in Canada as a non-Canadian

Credit to Author: Edana Robitaille| Date: Fri, 13 Jan 2023 13:00:10 +0000

The Prohibition on the Purchase of Residential Property by Non-Canadians Act was passed in parliament in June 2022 and came into effect on January 1 this year. Broadly speaking, the new regulations will prohibit the purchase of a residential property by any foreign investor who is not a Canadian citizen or permanent resident. The regulations […]

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Riding out the housing crisis

Credit to Author: Baisakhi Roy| Date: Wed, 30 Nov 2022 02:32:46 +0000

With exorbitant rents and burgeoning home prices, it’s not an easy time for a newcomer renter or potential owner. Experts say that moving to smaller cities where rents are lower and buying to build equity are some of the ways to deal with the current housing scenario.

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