Canada’s one stop platform and the #1 National voice to the rental housing industry

Immigration

EXEMPTIONS FOR PERMANENT AND TEMPORARY RESIDENTS AS CANADA FOREIGN BUYER BAN STARTS IN JANUARY

Posted in Immigration

EXEMPTIONS FOR PERMANENT AND TEMPORARY RESIDENTS AS CANADA FOREIGN BUYER BAN STARTS IN JANUARY

Canada immigration news: Permanent residents and temporary residents, including temporary workers and international students, are to be exempt as Canada bans foreign nationals from buying homes starting January 2023.  The measures were part of Bill C-19 – the Budget Implementation Act, 2022 – which received royal assent on June 23, as the federal government looks to cool the hot housing market.  Finance Minister Chrystia Freeland says the ban on foreign ownership of homes is needed to curb...

read more

B.C. DEVELOPER FREEING UP EMPTY RENTAL UNITS FOR REFUGEES

Posted in Housing, Immigration, Industry Trends, Newsworthy

B.C. DEVELOPER FREEING UP EMPTY RENTAL UNITS FOR REFUGEES

With the help of developers, non-profit groups are finding a way to put the untold number of empty apartment units across the region to far better use. There are rental buildings that are partially vacant as they await redevelopment. Tenants are notified that eviction is pending, and so they often vacate early. These units can sit empty for months, even years. Since October, Concert Properties has been renting some of their empty units to refugee claimants at the below-market rates set by B.C....

read more

NEARLY A THIRD OF EDUCATED YOUNG IMMIGRANTS PLAN TO LEAVE CANADA

Posted in Immigration, Industry Trends, Newsworthy

NEARLY A THIRD OF EDUCATED YOUNG IMMIGRANTS PLAN TO LEAVE CANADA

The Canadian government, facing an aging population and a shortage of skilled labour, is pushing hard to increase immigration with a plan to welcome about 400,000 newcomers annually over the next three years. But Canada is seeing pushback from the very immigrants the country hopes to attract and retain – young university graduates with marketable skills, according to a new Leger survey conducted with the Institute for Canadian Citizenship (ICC). The survey found that 30 per cent of 18 to...

read more

CANADA SEES ALL-TIME RECORD FOR IMMIGRATION, BLOWING AWAY HISTORIC FLOWS

Posted in Immigration, Industry Trends, Newsworthy

CANADA SEES ALL-TIME RECORD FOR IMMIGRATION, BLOWING AWAY HISTORIC FLOWS

Newly released population estimates by Statistics Canada for the fourth quarter of 2021 show an all-time record for immigration for any quarter and year since records began post-war in 1946. A total of 405,750 immigrants were recorded throughout 2021, with 138,182 in the fourth quarter alone. Immigration flows grew throughout the year, with 70,467 in the first quarter, 74,353 in the second quarter, and 122,748 in the third quarter, the second highest quarter ever. The record volumes for the...

read more

REAL ESTATE ICON OFFERS HELP TO UKRAINIAN REFUGEES

Posted in Housing, Immigration, Industry Trends, Newsworthy

REAL ESTATE ICON OFFERS HELP TO UKRAINIAN REFUGEES

Calgary real estate mogul Bob Dhillon is ready to provide a helping hand to those Ukrainians fleeing their war-torn homeland who seek shelter in Western Canada. Dhillon, founder and CEO of the Mainstreet Equity rental property organization that currently has 16,000 apartments spread from Winnipeg to Vancouver Island, said he is determined to do whatever he can to provide support for people displaced by the fighting. He is waiting to find out exact details of how the federal government plans to...

read more

CANADA’S IMMIGRATION LEVELS HIT RECORD HIGH, POPULATION GROWTH RETURNS TO NORMAL

Posted in Immigration, Industry Trends, Newsworthy

CANADA’S IMMIGRATION LEVELS HIT RECORD HIGH, POPULATION GROWTH RETURNS TO NORMAL

Newly released data this week by Statistics Canada shows immigration reached a record high for the third quarter of 2021. The country saw 122,748 immigrants over the three-month period from July to September, making it the highest immigration levels for any quarter since 1946, and more than three times higher than the third quarter of 2020 when 40,116 immigrants were recorded. But according to statisticians, the record for the past quarter was mainly the result of temporary residents already...

read more

CANADA OPEN TO RAMPING UP RECORD IMMIGRATION, NEW MINISTER SAYS

Posted in Immigration, Industry Trends, Newsworthy

CANADA OPEN TO RAMPING UP RECORD IMMIGRATION, NEW MINISTER SAYS

Prime Minister Justin Trudeau’s new immigration minister plans to maintain, and even ramp up, Canada’s efforts to grow the nation’s labor force with foreign workers. Sean Fraser, who was appointed to the post in October after Trudeau’s Liberals won re-election, said the government is on track to exceed its goal of offering permanent residency to 401,000 people this year. Speaking in an interview with Bloomberg, Fraser said he’s even prepared to increase immigrant targets — currently set...

read more

CANADA ADDS MOST NEW RESIDENTS IN YEARS AS RESTRICTIONS EASE

Posted in Immigration, Industry Trends, Newsworthy

CANADA ADDS MOST NEW RESIDENTS IN YEARS AS RESTRICTIONS EASE

Canada welcomed the largest number of newcomers in years in July amid an improving Covid-19 backdrop, which allowed the government to begin easing travel restrictions for new arrivals. The nation admitted 39,500 permanent residents during the month, according to the immigration ministry. That’s the highest monthly total since at least 2015 and is on top of the nearly 35,700 permanent residents in June. Canada has granted permanent residency to 184,205 people in the first seven months of the...

read more