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induscanada · 1 year ago
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Study Permit to Permanent Resident Program for International Students
Canada is renowned for its world-class education system and welcoming environment for foreign students. International students in Canada can apply for PR status or permanent residency after completing their studies or even while studying in Canada, but they must meet the following requirements of the immigration program under which they apply. 
Keep in mind that applying for PR status and study permit is known as 'dual intent'; therefore, you must follow the Canadian immigration rules and regulations very carefully. 
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From applying for study permit to permanent resident applications -this transition can be time-consuming and complex, which requires thorough knowledge of immigration policies and regulations. That's why you must contact immigration consultants in Mississauga for invaluable guidance and support throughout this transformative process.
What are Available Immigration Programs for International Students?
There are several immigration programs under Express Entry available for international students in Canada, and the requirements of each of them are different. The following programs are,
Federal Skilled Worker Program
Managed through the Express Entry program, this is a popular option for many international students because this immigration program does not require Canadian work experience. This program is operated based on a comprehensive ranking score, which ranks candidates based on several factors and invites the highest-ranked candidates to apply for permanent residency status. But note that if you don't have any work experience, then this program is not for you. 
Provincial Nominee Programs
Many provinces, including Mississauga, offer study permits to permanent resident immigration programs for international students in Mississauga through the provincial nominee programs. Usually, applicants must complete their graduation from the Canadian post-secondary education program. 
Remember that requirements may vary from province to province; some provinces require work experience and a job offer. PNP is one of the most popular immigration programs because it processes faster than other programs. 
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Canadian Experience Class
To become eligible for this program, individuals must have at least 12 months of work experience in Canada apart from meeting other factors such as language proficiency, age, and level of education. 
Remember that gaining work experience during a full-time study period is not counted. Therefore, foreign students cannot include their work experience within the study period. Once they complete their study, they can apply for a post-graduation work permit to gain the required work experience. 
Post-Graduation Work Permits
This is not the direct pathway to immigrate to Canada as permanent residents, but through the post-graduation work permit, international students who graduated from DLI or designated learning institutions can work in Canada under any Canadian employer. 
As a result, students can apply for permanent residence through several study permits to permanent resident programs, including the Provincial Nominee Program and the Canadian Experience Class. 
What are Language and Skills Classification Requirements?
Canadian Language Benchmark
This is the Canadian standard for language proficiency, which measures and recognizes the proficiency in the English language of applicants interested in settling in Canada permanently. But if you want to prove your French language proficiency, you may have to pass the Niveaux de compétence linguistique canadiens. Note that the language test is valid for two years after the published date of the test result.
National Occupational Classification (NOC)
The NOC categorizes all the jobs based on skills, education, occupation category, and experience. The NOC has TEER levels, known as Training, Education, Experience, and Responsibilities for each occupation.
TEER 0, 1, 2, and 3 occupations require high skills and are eligible for the Express Entry program. However, TEER 4 and 5 may not need a high formal education, but the candidates may need on-the-job training. 
Contact Us!
If you want to settle in Canada permanently through a study permit to permanent resident application program, call us at Indus Canada Immigration in Mississauga. 
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kseniya-911-blog · 6 years ago
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Canada's population increased by 168,687 during the second quarter of 2018, of what 82 a cent, or 138,978, was attributed to overseas migration. Statistics Canada indicates there is this degree of international migration was under no circumstances before seen for any quarter. International migratory increase was the primary driver for the printer of Canada's population expansion over the 2nd quarter of 2018 both nationally and during the provincial level, Statistics Canada reveals. The global migratory increase is approximated with the addition of the amount of immigrants, returning emigrants and net non-permanent inhabitants packaged using Canada and after that subtracting net short-term emigration as well as emigrants departing Canada.
But when perfection is in the end of a machine, Canada is farther along in comparison with many. Not merely was the nation one of the primary to legalize same-sex marriage, though it is in addition the only nation to technically apologize as well as offer restitution to those who ended up being dismissed from the public service and also military inside the past simply because of their sexuality. And just how do Canadians feel about this march toward greater tolerance? A current international Ipsos poll affirms Canadians are not as likely to really feel their place would be in decline than pretty much anybody. Toronto has seen a surge of asylum seekers over the past year, with caused more would be refugees winding set up throughout the city's refuge system. Locale council in addition has reaffirmed the Toronto is a retreat community, which means men and women do not need to show their immigration health to get city supports. If you would like support visit immigration lawyer free consultation in Toronto gta.
Moving to Canada from the US takes more than simply packing upwards shifting boxes or perhaps locating a brand new house. Well before anyone can relocate to Canada, it is necessary to make use of for Canadian Permanent Residency with Citizenship and Immigration Canada. It's ideal to check out Canada before generally planning the logistics of the relocation of yours so that you can establish exactly where you would want living if your software for residency qualifies. Americans with a passport flash memory card, NEXUS flash card, in addition to a legitimate US passport is able to stay in Canada for 180 times visa-free. People who frequently travel between the US and also Canada is able to implement for a NEXUS flash card which can be worn with the borders of equally places. Programs are available for a minimum fee of newspaper as well as on the web . If you invest 3 years in Canada, you could get dual citizenship and that implies you get Canadian citizenship with no dropping out the allegiance of yours to your state of birth. But two citizenship has its disadvantage? you will need to be charged dual fees as well as in certain situations, leave military system. However for a lot of people, the cons are outweighed because of the benefits of two citizenship including social security programs.
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swiftimmigration · 3 years ago
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WHY CHOOSE SWIFT IMMIGRATION
Swift Immigration Solutions Inc. is a full-service Canadian immigration consultancy firm based in Mississauga, Ontario that offers a complete range of professional immigration services. Our team of registered Canadian immigration consultants (RCIC) provides comprehensive counselling in all immigration matters and handles cases related to temporary and permanent residence in Canada. Our director, Neerja Bhandari is also a regulated Canadian Immigration Consultant (RCIC) and a licensed full member of the Immigration Consultants of Canada Regulatory Council (ICCRC). With over 10 years of experience in the industry, we are proud to say that we provide the best immigration services in the GTA. We serve clients throughout the GTA, especially in Mississauga, Brampton and Toronto. Call or send us a message to discuss your case. Contact us for a free evaluation of your case. Consultancy on LMIA and working in Canada you are interested in working in Canada, we can help you find the best options for you. Whether it’s through LMIA, Work permit, PGWP, having Canadian work experience can help you land a permanent residency. Consultancy on Express Entry and Provincial Nominee program there are many pathways to immigrate to Canada as a skilled worker, Express Entry and Provincial nominee program is 2 of the most popular and effective ways to do so. We provide a free Express entry assessment tool to help us guide you. Fill out our form and we will respond to you in 48-72 hours. Consultancy on Studying in Canada's of 2020, there were more than 500 000 international students in Canada. In fact, Canada is considered one of the most attractive destinations for international students. At Swift Immigration, we can help you find the right college, and help with your study visa application. Let us help you with your study visa, and determine your chances of studying in Canada. Consultancy on Spousal and family sponsorship family reunification is a pillar in Canadian immigration. These applications are given the most important and are often processed faster in the IRCC system. If you want to sponsor your spouse (inside or outside Canada), if you want to sponsor your parents and grandparents, if you want to sponsor your children, we can help you. Get the best advice from the immigration service. At Swift Immigration, we provide many more Immigration services. Visit the full list of our services on our website. Similarly, if you just need the opinion of a professional in the field, you can consult us without having to retain our full services. Swift Immigration consultants can answer a question you may have regarding an application to Canada. We pride ourselves on providing personalized solutions for your immigration concerns. The client is the focus of all our immigration services and strategies and your immigration concerns are the foremost priority to us.
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addictionfreedom · 6 years ago
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Addiction Treatment Canada
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Sobriety Home is a comprehensive Canadian drug & alcohol rehab center offering addiction treatment & information for Canada.
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At the CHRC addiction treatment centre, our approach to recovery is vastly different from traditional CHRC is a drug and alcohol addiction treatment centre unlike any other in Ontario, Canada.
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wisewolfsublime-blog1 · 4 years ago
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The 4 Best Things About Canada Immigration Lawyers 5 Simple Techniques For LexLords Canada Immigration Lawyers
Nonetheless, the battle to be the hardest in the case of immigration might go away these freshman Democrats in a ticklish place. Because final year’s debate over complete immigration reform passed off principally within the Senate, there’s not a lot of a House voting file to level to with regards to immigration, immigration lawyers and the competitors has been largely a struggle of phrases. Signing a discharge petition on the Shuler invoice may accomplish that, however Altmire has nonetheless determined towards it, as a result of he doesn’t belief Republicans- who, because the filers of the petition, would assume management over ground debate on the invoice in the event that they discharge it - to be as enforcement-minded as they profess. A discharge petition circumvents the legislative course of by "discharging" the invoice from the committee with jurisdiction and stopping amendments. For constituents like these, immigration dialogue of discharge petitions stays a bit too technical a subject for meet-and-greet get-togethers. Canada immigration lawyers The transfer, permitted below an exemption granted by Congress, shall be probably the most sweeping use of the administration's waiver authority because it began constructing the fence to curb unlawful immigration. • April: The Administration's FY02 finances declares that the dimensions of Fannie Mae and Freddie Mac is "a possible drawback," as a result of "monetary bother of a big GSE may trigger sturdy repercussions in monetary markets, affecting Federally insured entities and financial exercise." (2002 Budget Analytic Perspectives, pg. If an employer seeks to terminate an worker with out having any simply trigger to take action, it should merely present that worker with cheap discover of its intentions to terminate the employment, or alternatively pay the worker in lieu of offering this discover. As time passes, mud, insects, spider nets and debris collect up within the air duct tubes and vents, and may slowly construct up and trigger varied points all through the house.
Toronto Law Firms
In a world that is filled with visa consultants, generally self styled too, of various enterprise targets and domains, look no past an professional who has needed experience to handle a number of points linked with Immigration. If you need to deal with the immigration points on this nation, you want to start out taking an excellent look on the very laws that this nation enacts and that the president indicators into regulation that causes immigrants to return right here in the primary place. Not Once in this complete argument has Anyone (Congress Members, Editorial writers, and many others) given some severe thought and argument to The basis CAUSES of why immigrants come to the U.S. CIS has indicated that attorneys could be current throughout an inspection, immigration lawyers however the investigator is unlikely going to return again one other day if the legal professional isn't obtainable on the day of the unscheduled go to. Since it’s necessary to succeed in the airport on time, hiring a limousine service in Toronto can provide help to arrive quick. After all, the credit score bureau features a historical past of onerous inquiries on the bureau - a client or creditor can see who has been inspecting their credit score bureau report. It isn't clear from the file whether or not the officer at CIC GTA Central ever in contrast his unique paperwork with these submitted with the applying or took possession of his outdated PR Card. A brand new everlasting resident (PR) card takes thirteen days to course of.
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This can be a again-door method to legislating that undermines the democratic course of and shortchanges the general public. This strategy poses so much much less threat of complications and disappointment, Canada immigration lawyers as the companies that cater to those kinds of providers are constructed with the only goal of discovering you a job. It’s comparatively efficient however nonetheless tried and examined method for all of the issues and is appropriate for hiring an skilled and reliable unintended damage lawyer. “You have immigration serving as a technique to speak about two issues. I need to see us deal with immigration in a method that secures the border. Both the incumbent and the challenger attempt to painting themselves because the champion of ever-harder border and office enforcement. Before the bodily survey of the forty-ninth parallel in 1873, Metis journey throughout the U.S.-Canadian border offered broader financial alternatives, various political alliances, and stronger cultural ties for the Metis. From that time on, the Canada Border Services Agency (CBSA) is accountable to implement their elimination. Soon after, Mr. Vincent joined Moto Bateau, the place he labored for 5 years in boat and motorbike gross sales and aftermarket companies. Another is that undocumented employees are getting into the United States at ever youthful ages and are anticipated to have extra youngsters whereas they’re right here than in the event that they arrived at later ages. 153 These kids are at present having fun with each day contact with their father, best immigration lawyers and he's hoping for extra contact relatively than much less as they develop up. Unless you're marrying for love, you should not get married in any respect: not to say that to marry merely for immigration functions dangers imprisonment or deportation.
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ivcservices-blog · 5 years ago
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Canada Launches New Construction Pilot Project 2019
The Canadian Labour Congress is Australia visa Singapore  working with Immigration, Refugees and Citizenship Canada (IRCC) to implement a temporary initiative that can help 500 out-of-status building workers and their families locate a pathway to permanent residence. This is in hopes that it will finish the insecure nature of their employment and immigration status in Canada.
Out-of-status employees are people who have Come to Canada with legitimate temporary residence status, but have dropped out of status for various reasons, and have found employment in the building market. Without status, these workers have continued to fill labour shortages, while contributing greatly to Canada's society and economy. But, fear of detection, detainment, and deportation pushes these workers and their families"unseen," frequently limiting their access to social programs, and which makes them vulnerable to employer abuse and misuse.
Employees in the Greater Toronto Area reacts to a new parliamentary report on labour shortages in the building sector in the GTA, and reveals observations from numerous research about the significance of out-of-status workers. The CLC States it'll be engaging at the Maximum level of due Diligence to ensure the security and safety of any candidates that come forward to get involved in this initiative.
The application procedure for out-of-status construction employees Will begin on Sept. 3.
Construction workers looking to enroll from the project will first Contact the CLC to ascertain their eligibility to enter.
Spouses and children may be contained in the program for permanent residence.
On Jan. 1, 2022 or after 500 principal Canada embassy singapore  applicants have been granted permanent residence, whichever comes first. National industry-led workforce management study team, Ontario requires an extra 26,100 construction employees in the next 10 years as 91,100 individuals now working in the sector will reach retirement age. "Toronto is very busy right now with the condominium, Infrastructure and transit projects. It's tough to construct projects when you don't have the labour. That's not going to be of benefit to anybody," explained Andrew Pariser, vice-president of RESCON, a major association of home contractors in Ontario.
All our cases are handled by capable and expert immigration professionals that are connected with VisaPlace. These professionals include attorneys, accredited paralegals, and consultants working for Niren and Associates an award-winning law firm which adheres to the greatest standards of client services. Labor market of northern and rural communities. All these communities are Aging population. Canada.ca reported That between 2001 and 2016, there has been a 23% decrease in the number of Potential employees while those approaching retirement has increased by 40%. The 11 engaging communities have been selected and applications for curious The specifics of this program Process have not yet been released. But This is a community driven app Meaning that the chosen communities will be accountable for candidate recruitment. The goal is to attract the types Singapore visa wikipedia of immigrants that can best fit The requirements of a particular community. Northern and rural communities play a key Role in supplying food, energy and water for the rest of Canada and fixing The current labour shortage is critically important.
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lenakrruger · 6 years ago
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Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report. Please visit REMonline.com for more content like this, and contact [email protected] to inform us of any unauthorized reproduction.
Average rents across Canada will increase six per cent in 2019 and by as much as 11 per cent in Toronto, nine per cent in Ottawa and seven per cent in Vancouver, says a report by Rentals.ca.
The average Canadian rental property on Rentals.ca was listed at $1,754 per month in November 2018, a decrease of 4.4 per cent month-over-month. “The dip is not uncommon because fewer people move during the winter months,” says Ben Myers, president of Bullpen Research & Consulting.
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Ben Myers
“Toronto rents have been pulled up by recently completed high-design condo apartments for lease,” says Matt Danison, CEO of Rentals.ca. “Landlords can rent their inventory for significantly more than older rental apartments.”
“A surge in demand has also added to increasing rents,” Ben Myers, president of Bullpen Research & Consulting Inc. said Myers said.
The mortgage stress test and higher interest rates and home prices have “dramatically increased the number of people looking for rental accommodation this year,” Danison says. “Many young couples and families have decided to postpone purchasing a home, which has driven two-bedroom rental rates to nearly $2,600 a month in Toronto and over $2,000 a month in Ottawa.”
“There is trepidation among potential homebuyers following the bubble-like conditions and the subsequent price correction in the GTA housing market last year,” Myers says. “Many Torontonians are choosing to lease instead of buy, with existing tenants staying put to avoid paying the higher market-rate for an available unit. This phenomenon has reduced rental listings in this high-demand environment.”
Matt Danison
“With near record-high immigration in Canada and record-low unemployment, demand for housing is high, but flat or declining resale house prices due to current and expected future credit tightening has deterred many would-be first-time buyers from entering the ownership market,” says Danison. “That demand overflow is being felt in the rental market, where very few Canadian markets are offsetting demand with new rental supply.”
Several Greater Toronto Area (GTA) municipalities are among the most expensive rental markets in Canada, with Oakville and Vaughan the highest among the suburban markets, and the former municipalities of Etobicoke, North York and East York tops among the 416 area with rental rates rivalling Vancouver.
Recently released Canada Mortgage and Housing Corp. (CMHC) data shows rental apartment vacancy rates are at their lowest level in a decade, but Rentals.ca says CMHC rental rates cover the entire stock of rental apartment units, while Rentals.ca data looks primarily at vacated units (the flow rate), which it says is a better indicator of market rents.
The company says the average market rental rates are 40 to 60 per cent higher than CMHC figures, part of which can be explained by rent control preventing landlords from charging the actual market rate for a unit.
Expanded rent control in April 2017 is partially responsible for the low turnover rate in the Toronto area, which has lowered rental supply and pushed rents up 10 to 15 per cent annually in some buildings in 2018, says the report.
The above content may have been republished here without the author's permission. The original post can be found at the following URL: Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report. Please visit REMonline.com for more content like this, and contact [email protected] to inform us of any unauthorized reproduction.
Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report published first on https://grandeurparkcondo.tumblr.com/
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felishasheats · 6 years ago
Text
Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report. Please visit REMonline.com for more content like this, and contact [email protected] to inform us of any unauthorized reproduction.
Average rents across Canada will increase six per cent in 2019 and by as much as 11 per cent in Toronto, nine per cent in Ottawa and seven per cent in Vancouver, says a report by Rentals.ca.
The average Canadian rental property on Rentals.ca was listed at $1,754 per month in November 2018, a decrease of 4.4 per cent month-over-month. “The dip is not uncommon because fewer people move during the winter months,” says Ben Myers, president of Bullpen Research & Consulting.
[banner]
Ben Myers
“Toronto rents have been pulled up by recently completed high-design condo apartments for lease,” says Matt Danison, CEO of Rentals.ca. “Landlords can rent their inventory for significantly more than older rental apartments.”
“A surge in demand has also added to increasing rents,” Ben Myers, president of Bullpen Research & Consulting Inc. said Myers said.
The mortgage stress test and higher interest rates and home prices have “dramatically increased the number of people looking for rental accommodation this year,” Danison says. “Many young couples and families have decided to postpone purchasing a home, which has driven two-bedroom rental rates to nearly $2,600 a month in Toronto and over $2,000 a month in Ottawa.”
“There is trepidation among potential homebuyers following the bubble-like conditions and the subsequent price correction in the GTA housing market last year,” Myers says. “Many Torontonians are choosing to lease instead of buy, with existing tenants staying put to avoid paying the higher market-rate for an available unit. This phenomenon has reduced rental listings in this high-demand environment.”
Matt Danison
“With near record-high immigration in Canada and record-low unemployment, demand for housing is high, but flat or declining resale house prices due to current and expected future credit tightening has deterred many would-be first-time buyers from entering the ownership market,” says Danison. “That demand overflow is being felt in the rental market, where very few Canadian markets are offsetting demand with new rental supply.”
Several Greater Toronto Area (GTA) municipalities are among the most expensive rental markets in Canada, with Oakville and Vaughan the highest among the suburban markets, and the former municipalities of Etobicoke, North York and East York tops among the 416 area with rental rates rivalling Vancouver.
Recently released Canada Mortgage and Housing Corp. (CMHC) data shows rental apartment vacancy rates are at their lowest level in a decade, but Rentals.ca says CMHC rental rates cover the entire stock of rental apartment units, while Rentals.ca data looks primarily at vacated units (the flow rate), which it says is a better indicator of market rents.
The company says the average market rental rates are 40 to 60 per cent higher than CMHC figures, part of which can be explained by rent control preventing landlords from charging the actual market rate for a unit.
Expanded rent control in April 2017 is partially responsible for the low turnover rate in the Toronto area, which has lowered rental supply and pushed rents up 10 to 15 per cent annually in some buildings in 2018, says the report.
The above content may have been republished here without the author's permission. The original post can be found at the following URL: Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report. Please visit REMonline.com for more content like this, and contact [email protected] to inform us of any unauthorized reproduction.
Rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says report published first on https://oicrealestate.tumblr.com/
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realestate63141 · 8 years ago
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Chasing the Canadian dream: The real force driving the housing boom in our big cities
The mayor of Caledon, a town of about 60,000 northwest of Toronto, says government can try all it wants, but the dream of owning a home will persevere.
Allan Thompson should know. His town, like many others that ring around Ontario’s capital, has become a launching site for new communities as people priced out of the core look to the suburbs (or what was once rural) for slightly cheaper housing.
An average new single-family detached home in the Greater Toronto Area (GTA) was $1,264,604 in 2016, according to the Building Industry and Land Development Association. But housing prices range from an average of $666,220 for a semi-detached home in Durham, northeast of Toronto, to $1.8 million for a detached home just north of the city.
“I remember I had this neighbour who was Portuguese,” said Thompson, who was a Caledon councillor for 11 years before becoming mayor two years ago. “He said to me, ‘For 20 generations back in Portugal, we all lived and rented houses in town. We had our sheep and our goats and our cattle.’ He said to me, ‘I was the first one ever to have a home.'”
That dream of home ownership is central to the escalating prices in Canada’s housing market, especially in larger cities such as Toronto where immigrants tend to settle.
Even though worries about so-called foreign buyers inflating prices dominate some discussions about runaway housing prices, the housing boom is more likely being driven by new immigrants looking to get a piece of that Canadian dream. It’s a mentality that says home ownership is a sign you have made it.
How much foreign buyers — often really just speculators — have entered the Canadian market is a hot topic
Canada has a home ownership rate of about 70 per cent, one of the highest in the world, and immigrants are buying in. A report from real estate consulting firm Altus Group Ltd. in January found that immigrants — defined as someone whose country of origin is not Canada — are purchasing one out of every two new homes in the GTA.
Matthew Boukall, senior director, Residential Products, Data Solutions, at Altus Group, said demand could get even stronger as the federal Liberals boost immigration totals from the annual base target of 260,000 that existed from 2011 to 2016.
“The Liberal government has announced their immigration targets will increase to 300,000 per year. The fact that half of our new home market is going to new immigrants and we are going to get (more) immigrants to Canada bodes well for the new housing market,” said Boukall, noting Toronto gets about 30 per cent of those immigrants every year.
Sales of existing Canadian homes continue to be hot and set another record in 2016. Numbers released Wednesday from the Canadian Real Estate Association show that sales activity in January 2017 was 1.9 per cent better than a year earlier.
The key problem in some markets is that there is simply not enough homes hitting the market to satisfy demand. This past week, Douglas Porter, chief economist at Bank of Montreal, said Toronto was in a housing bubble driven by foreign wealth, coupled with record-high demand and a shortage of detached properties.
In its take, U.S.-based FitchRatings said current price gains in Canada are not sustainable and predicted an increased likelihood of a correction, noting household debt had exceeded the size of the Canadian economy.
Others say the bubble is less likely to pop anytime soon.
“The shortage of homes available for sale has become more severe in some cities, particularly in and around Toronto and in parts of BC,” said Gregory Klump, chief economist at the Canadian Real Estate Association. “Unless sales activity drops dramatically, the outlook for home prices remains strong in places that face a continuing supply shortage.”
Royal Bank of Canada economist Robert Hogue said immigration has been a driving force in the Canadian housing market for some time in the major markets where immigration has been the strongest.
“Those markets tend to get the major share of recent immigrants,” he said.
Hogue points to a Statistics Canada study released in December that showed how the earning power of immigrants begins to rise over time and, while it didn’t address housing, it’s easy to see how increased income could translate into home ownership.
The median employment income of immigrant tax filers who landed in 2004 was estimated at $16,800 in 2005 (one year after landing). The same cohort’s median income increased to $26,000 in 2009 and $33,000 in 2014.
“It takes time for immigrants for earn the same income as those born in Canada,” Hogue said. “I suspect immigrants buying today are not as much those that came in the last year, but those who got established financially.”
Hogue said it’s unclear to him whether immigrants arriving to Canada today have more wealth and are entering the market more quickly. But the Altus survey found that 19 per cent of people buying new homes in the GTA do not take on a mortgage.
“Lucky them,” Boukall said with a laugh. “Are they foreign investors? If you’re asking me that, we don’t collect that information.”
How much foreign buyers — often really just speculators — have entered the Canadian market is a hot topic for both prospective homebuyers and governments.
The B.C. government clearly believes that foreign buyers are having an impact on the Vancouver market and slapped a 15-per-cent additional property transfer tax on them in August 2016. Prices there have since slightly declined while sales, already in decline, are off about 40 per cent from a year earlier.
The Toronto Real Estate Board (TREB) surveyed its members in December about foreign transactions and concluded only 4.9 per cent of the market came from that segment.
All of which raises the question of whether foreign buyers are being confused with immigrant buyers.
“People are having the conversation in Toronto and it’s been much more intense in Vancouver,” Hogue said. “Don’t confuse the two. I’d like to comment on Toronto statistics, but other than the survey done by TREB, we don’t have much (data). In B.C., we’ve had data since June and I would say the percentage of buyers from out of the country has not been trivial.”
But Dianne Usher, senior vice-president of Royal LePage’s high-end division Johnson & Daniel, said the real growth in the market has come from immigrants she calls “end users,” those who come to the country and plan to live in their homes.
The single family home is almost becoming an extinct animal in the marketplace
“I’d say it’s happening in Toronto and Vancouver and then I would say Montreal,” she said, adding more immigrants are coming in with money, or are trying to get it out of their country of origin for good. “Canada as a whole is a safe haven because of the stable government, the education system, the health-care system. We’re a destination and it’s going to continue.”
She adds immigrant buyers will continue to purchase properties in and around large cities partly because of work and educational opportunities, but also because large urban centres are what many are accustomed to.
The biggest problem might be meeting all the demand, especially if immigration quotas are increased.
Tim Hudak, chief executive of the Ontario Real Estate Association, said it’s a good problem to have.
“We just have so many more people chasing fewer houses that prices are going to go up,” he said, adding the solution is increased supply. “Government policies have created artificial barriers.”
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He thinks policy needs to focus on what he calls the “missing middle,” or townhouses, stacked homes and semi-detached housing. These are the kind of starter homes that can get people into the housing market.
“The single family home is almost becoming an extinct animal in the marketplace,” Hudak said.
Brian Johnston, chief operating officer of Mattamy Homes, which has development projects in Caledon and throughout the GTA, agrees the supply side continues to drive prices. He figures he’s selling more than 50 per cent of his homes to immigrants.
With immigration only increasing, he said the only solution is for government to create more low-rise housing to accommodate what is a growing segment of the population.
“Coming to Canada, part of the process is buying housing,” Johnston said. “You’ve got people coming from countries like China where they may own the house, but not the land. Owning a house is very powerful thing for some people.”
In Caledon, the mayor doesn’t think the push into his city is going to ebb any time soon.
“From here on in, as we know it, our population is just going to keep compounding,” Thompson said. “A lot of people are coming here from other parts of the world to live, quite of few of them don’t have mortgages. It tells you people are coming here by choice.”
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