Royal Real Estate issued a survey report
referring to the proportion of new immigrants in Canada
accounting for one-fifth of the total number of home buyers
According to the survey, new immigrants will buy homes
in about three years after they arrive in Canada.
Among them, 75% of new immigrants will use
savings or cash to pay for their home purchases.
The survey interviewed about 1,500 people
The respondents were immigrants in the last 10 years.
Phil Soper, president and chief executive officer of Royal Real Estate
said that the survey found that new immigrants accounted for about
about 21% of the total number of home buyers in the country.
New immigrants are the driving force behind the
“significant” promotion of the Canadian property market
Canada is an immigrant country
New immigrants are also an important part of Canada’s economic growth
and are also important to the Canadian property market.
Royal Real Estate estimates that
if the current immigration level is maintained
it is believed that new immigrants
will purchase 680,000 homes in the next five years.
The report refers to the definition of new immigrants
who are residents of Canada for 10 years or less
包括移民 学生 难民及公民
including immigrants, students, refugees and citizens
the report indicates that 31% of new immigrants are family reunions
25% are students, and 20% are independent immigrants
About 300,000 people immigrate to Canada each year.
After many new immigrants come to Canada
the most important thing is to buy a home
This situation is the same throughout Canada
The survey also found that 86% of new immigrants
think the property is a good investment
Of the new immigrants, 51% buy independent houses
18% buy condo, 15% buy town houses
and 13% buy semi-detached houses
The Greater Toronto Area
the Lower Mainland of British Columbia
and Montreal are the preferred places for new immigrants to buy homes.