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Immigrant’s Power – Helping the Canada Housing Market
680000 homes might purchase by immigrants in the next 5 years in Canada
According to a new survey; more than a 1/5 of the homes owned by newcomers, helping boost real estate in Ontario, Quebec, and B.C.,
Royal LePage shows: immigrants buy 21 percent of houses and may purchase 680,000 homes during the next five years if migration levels are maintained, the poll commissioned.
“In addition to supporting Canada’s economic growth, newcomers to Canada are vital to the health of our national real estate market,” Phil Soper, Royal LePage president, and CEO said in a statement. “Newcomers are doing more than investing in Canadian real estate, they are investing in their family’s future.”
The survey lands as the country’s housing markets rebound from the imposition of tighter mortgage rules over the past two years that were brought in to limit speculation and soaring prices in markets such as Vancouver and Toronto.
Royal Bank of Canada senior economist Robert Hogue notes that conditions are ripe for another rally in housing prices after a pause earlier in the year.
“Demand-supply conditions have tightened up, and are gradually heating up prices. Low-interest rates, strong labor markets, and rapid population growth will continue to fuel demand in the period ahead,” said Hogue in a report. “Promises made during the federal election campaign could heat things up further.”
All the major political parties remain open to some levels of immigration, and the perception appears to hold among newcomers, according to the LePage survey.
B.C. came third with about 13 percent of newcomers to Canada, according to Statistics Canada and holds the survey’s highest amount — 89 percent — of those who arrive with savings to buy a house, perhaps reflecting the strong influx of wealthy Asians in the market.
Realtor’s opinion: For the long term, the real estate market will be going up again, however, 2020 might be a challenge; it really depends on how the economy goes.
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移民潮的力量-新移民帮助加拿大住房市场
未来5年内，加拿大移民可能会购买68万套房屋
根据一项新的调查；超过1/5的新移民拥有房屋，这有助于增加安大略省，魁北克省和不列颠哥伦比亚省的房地产，
皇家勒佩奇（Royal LePage）表示：如果维持移民水平，移民将购买21％的房屋，并可能在未来五年内购买68万套房屋。
Royal LePage总裁兼首席执行官Phil Soper在一份声明中说：“除了支持加拿大的经济增长外，加拿大的新移民对我们国家房地产市场的健康至关重要。” “新移民所做的不只是投资加拿大房地产，还投资于家庭的未来。”
随着该国住房市场从过去两年实施的更严格的抵押贷款规定中反弹，从而限制了投机活动以及温哥华和多伦多等市场的房价飞涨，该调查登陆了。
加拿大皇家银行高级经济学家罗伯特·霍格（Robert Hogue）指出，今年初停顿之后，房价再度上涨的条件已经成熟。
“供求状况已经收紧，并正在逐步抬高价格。低利率，强劲的劳动力市场以及快速的人口增长将继续在未来一段时间内推动需求，” Hogue在一份报告中说。“联邦大选期间做出的承诺可能会使事情进一步升温。”
根据LePage的调查，所有主要政党仍对某些级别的移民持开放态度，这种看法似乎在新移民中仍然存在。
根据加拿大统计局的数据，不列颠哥伦比亚省排名第三，约有13％的新移民来到加拿大，并持有这项调查的最高数额，即89％的有存款来买房的人，这可能反映了亚洲富人的大量涌入。
房地产经纪人的观点：从长远来看，房地产市场将再次上升，但是，2020年可能是一个挑战；这实际上取决于经济发展。
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