What new Canadians should know about real estate

Canada has welcomed, on average, 257,000 new Canadians as residents every year since 2006. In one of the biggest jumps in immigration, by the end of this year, we will have welcomed between 260,000 and 285,000 new permanent residents. Getting into the real estate market has remained top of mind for newcomers to Canada as well, in fact 73 per cent of new Canadians believe that home buying is a good investment. And 20 per cent of Canada’s overall first-time homebuyer market is comprised of newcomers, so it’s important to consider what the best investment option is for this demographic. As the state of the…