Nicholas Wallwork
Editor-in-Chief
Staff member
Premium Member
The role of immigrants will play a key part in making sure the fledgling recovery in the property market is sustained, it is claimed. Recent official figures point to increased sales activity and rising prices.
While some economists don’t think the current boom will last others believe that it is newcomers that will help the recovery along. They point to information from Statistics Canada data and Census information by Canada Mortgage and Housing Corp that show that the degree of homeownership attained by immigrants just six months after landing in Canada is impressive.