housing | ɫ��

The average cost of buying a home in Canada’s largest cities

Asheesh Moosapeta — Wed, 21 Aug 2024 12:00:10 +0000

Housing has become a key issue for Canadians in 2024, with much attention given to the impact that changing interest rates, population increases, natural emigration patterns, and other factors have had on housing costs. After compiling a guide on rental costs across Canada in 2024, ɫ�� has prepared the following guide on the costs […]

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Recent policies that may make home ownership more affordable for eligible newcomers to Canada

Vimal Sivakumar — Thu, 18 Apr 2024 13:00:55 +0000

On April 11, 2024, Deputy Prime Minister/Finance Minister Chrystia Freeland announced several new housing affordability measures designed to help first-time buyers and current homeowners. In light of the federal restrictions on foreign home buyers last year (more on that later), newcomers to Canada may be curious if they are eligible for any of the recently […]

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Comparing rental costs across Canada

Asheesh Moosapeta — Mon, 15 Apr 2024 13:00:29 +0000

Increased housing costs have been a recurring theme across Canada over the last few years. This has led the government to take multiple steps to help ease these costs over the next few years. These measures include a recent announcement by Prime Minister Trudeau promising an additional $15 billion CAD in federal loans for upcoming […]

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Canada extends foreign home buyer ban until 2027

Asheesh Moosapeta — Fri, 09 Feb 2024 14:00:28 +0000

The Canadian government has extended the Prohibition on the Purchase of Residential Property by Non-Canadians Act until January 1st, 2027. The policy, which was initially instituted to increase the number of housing units available to Canadians for purchase, will now be in place for an additional two years. Initially, the home buyer ban was set […]

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What you need to know before moving to Manitoba

Asheesh Moosapeta — Fri, 02 Feb 2024 13:00:02 +0000

Manitoba is one of Canada’s most immigrant-friendly provinces—one of the first to institute its own Provincial Nominee Program (PNP). Often noted for its low-cost of living, warm locals, and affordable housing; Manitoba has a dry climate that can feature sharp weather changes depending on the season. Most people immigrating to Manitoba will go the one […]

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What you need to know before moving to Alberta

Julia Hornstein — Fri, 26 Jan 2024 13:00:12 +0000

Alberta is one of the bigger provinces in Canada, bordered by British Columbia to the west and Saskatchewan to the east. One of the most unique benefits of Alberta is its prominent outdoor activity lifestyle and natural beauty. Discover if You Are Eligible for Canadian Immigration The province has a large population of newcomers, with […]

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Rents in Canada increased 9% in 2023 to record high

Julia Hornstein — Thu, 25 Jan 2024 13:00:44 +0000

According to the Rentals.ca January 2024 Rental Report, average asking rents for all residential property types in Canada reached a record high of $2,178 at the end of 2023. This number represents an increase of 8.6% from the end of 2022 ($2,005). Discover if You Are Eligible for Canadian Immigration Over the past two years, […]

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The First ɫ�� Savings Account (FHSA): What Newcomers Need to Know

TD — Mon, 22 Jan 2024 13:00:38 +0000

Buying your first home in Canada is an exciting milestone in life. For some, however, it may be challenging to save up for a down payment. You will be pleased to know that help is at hand through a new registered savings plan called First ɫ�� Savings Account (FHSA) introduced by the federal government. With […]

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CMHC looks back at the Canadian housing market in 2023 and what to expect in 2024

Vimal Sivakumar — Mon, 22 Jan 2024 13:00:07 +0000

In late December last year, the Canada Mortgage and Housing Corporation (CMHC) published a retrospective of its housing reports throughout 2023, including what Canadians may be able to expect in 2024. This is a report that could be vital for newcomers to Canada, who are among the Canadian residents most affected by the national housing […]

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Support for immigration in Canada dropped in 2023

Edana Robitaille — Thu, 18 Jan 2024 13:00:04 +0000

Since September, polls from Nanos, the Environics Institute and now Leger, a Canadian market research company, have all found that support for high levels of immigration to Canada has declined sharply in recent months. Immigration is the largest contributing factor to the country’s growing population. Canada’s population hit a milestone of over 40,000,000 people in […]

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