Canadian Real Estate Market Gets Big Boost from Immigrants

Immigrants to Canada make up over one-fifth of the housing market, helping fuel real estate in Quebec, B.C., and Ontario, according to a recent survey. Newcomers may purchase 680,000 homes, comprising 21 percent of houses sold, over the next five years if Canadian immigration levels stay the same, according to a poll led by Royal LePage. Phil Soper, Royal LePage president, said, “In addition to supporting Canada’s economic growth, newcomers to Canada are vital to the health of our national real estate market.” He said immigrants are doing more than investing in the real estate market, but they are also investing in their own family’s future. If you are considering relocating to this welcoming country, contact Canadian Visa Expert for help with the visa process. They will walk you through the procedure so you can begin living your dream.

Canada’s housing markets are on the rebound from the burden of the tighter mortgage rules over the past few years. Prices have fallen in the Vancouver region, and increases are slowing in Toronto, but the markets are gaining steam once again. In September, buying activity increased 6.6 percent above the ten-year average, making it the highest level in 21 months, reported by the Canadian Real Estate Association. There are many opportunities awaiting you and your family in Canada. Contact Canadian Visa Expert and begin working with an experienced team of professionals. They will give you the options of potential visa tracks and provide you with a comprehensive personal assessment. Give them a call today!