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Under the COVID-19 epidemic this year, Canada has failed to absorb immigrants, which can alleviate the increase in rents in the short term, but it will affect the domestic property market in the long run. I urge the authorities to continue to vigorously implement the immigration policy.
The Star quoted Royal Real Estate (Royal LePage) as saying that the sustained and high level of immigration is conducive to the long-term stability of the Canadian economy and the property market.
President Phil Soper said his company’s website showed a surge in searches from other countries or regions, particularly in the United States, where non-permanent residents were interested in entering Canada. He saw that this was linked to a study by the company last year that 75% of new immigrants came to Canada without even seeing the United States as an alternative.
The absorption of scientific and technological professionals is beneficial to the development of our country.
He believes that immigrants, especially economic migrants, who are highly skilled and have capital, can start their own businesses, which is the key to their own economic growth, but not for the United States. In the fields of science and technology, mathematics, science and research, absorbing such skilled immigrants is of the greatest benefit to the Greater Toronto area.
The Star reported earlier that about 60 per cent of the 341000 immigrants expected this year would arrive in Canada. Su Bo analysis, in the short term, this will affect home sales. According to a study by his company, new immigrants will not be able to buy a house until an average of three years after their arrival in Canada, which means that buyers have been in Canada for several years this year and next.