Immigrants Help Drive Canada’s Housing Market

A recent poll of 1,500 people who arrived in Canada in the last ten years found half chose Canada because it’s a good place to live and work. 31 per cent said they received a better reception for immigrants in Canada and 26 per cent said Canada is a safer place to live.

In addition to supporting Canada’s economic growth, newcomers to Canada are vital to the health of our national real estate market, accounting for approximately a fifth of the housing market.

Immigrants may purchase 680,000 homes during the next five years if migration levels continue.
46 per cent chose to live in Ontario, Quebec drew 19 per cent, and B.C. came third with about 13 per cent of newcomers to Canada. Approximately 89 per cent came to our province with savings to buy a house according to Statistics Canada.