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Canada’s Best Places for New Immigrants 2015

Posted in Appraisal, CMHC, Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

Canada’s Best Places for New Immigrants 2015

Although Toronto continues to attract the bulk of international immigrants to Canada, and is forecasted to continue do so over the next two years, it has not made it onto a recent report of “Canada’s Best Places for New Immigrants 2015” published by MoneySense. On average over the past five years the CMA has received approximately 87,000 immigrants (including non-permanent residents), at the same time losing roughly 21,000 to intra and inter-provincial migration, for a net of 66,000 per year. Many of these new residents will require rental accommodations upon arrival, which will help to keep vacancy rates low. In fact, according to Statistics Canada’s 2011 National Household Survey about 62 per cent of recent immigrants to Toronto were living in rental accommodations.

10bp

 

10. Stratford, ON

Estimated Unemployment Rate: 5.3%

Immigrants As % of Population: 6.2%

Average Rent For 1-Bedroom Unit: $829

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9. Port Moody, BC

Estimated Unemployment Rate: 5.4%

Immigrants As % of Population: 28.0%

Average Rent For 1-Bedroom Unit: $1,181

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8. Port Coquitlam, BC

Estimated Unemployment Rate: 4.9%

Immigrants As % of Population: 27.8%

Average Rent For 1-Bedroom Unit: $979

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7. Gatineau, QC

Estimated Unemployment Rate: 6.6%

Immigrants As % of Population: 9.2%

Average Rent For 1-Bedroom Unit: $751

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6. Burlington, ON

Estimated Unemployment Rate: 4.3%

Immigrants As % of Population: 17.4%

Average Rent For 1-Bedroom Unit: $1,199

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5. Ottawa, ON

Estimated Unemployment Rate: 6.9%

Immigrants As % of Population: 20.6%

Average Rent For 1-Bedroom Unit: $1,134

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4. Waterloo, ON

Estimated Unemployment Rate: 5.0%

Immigrants As % of Population: 24.6%

Average Rent For 1-Bedroom Unit: $1,024

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3. Brossard, QC

Estimated Unemployment Rate: 4.9%

Immigrants As % of Population: 35.9%

Average Rent For 1-Bedroom Unit: $751

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2. Delta, BC

Estimated Unemployment Rate: 4.8%

Immigrants As % of Population: 27.2%

Average Rent For 1-Bedroom Unit: $1,030

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1. Saanich, BC

Estimated Unemployment Rate: 4.0%

Immigrants As % of Population: 17.1%

Average Rent For 1-Bedroom Unit: $1,133

Report by: Mark Brown  |  MoneySense

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The five priciest and cheapest rental markets in Canada

Story by: The Globe and Mail

If you’re looking for a steal on rent, Quebec appears to be a bargain hunters’ dream. La belle province is home to four of the five cheapest cities in which to rent, according to a report released Monday by the Canada Mortgage and Housing Corp. The cheapest rates were found in Trois-Rivières, Que., where the average monthly rent for a two-bedroom apartment was $571 in April, well below the national average of $949. At the other end of the spectrum, Vancouver was the most expensive city with an average monthly rent of $1,345 for a two-bedroom unit. (The CMHC report covers 35 “major centres,” which are largely based on Statistics Canada’s Census Metropolitan Areas.)

cheapest priciest