m city condos 5 prices.The number of houses in Canada has reached a new high!Statistics Canada released the latest population data for the second quarter of Canada.The number of immigrants in Canada reached a record high,with the largest quarterly increase since 1971.Please Visit:m city condos 5 prices to Get Your VVIP Registration Today!
Statistics Canada says Canada’s population grew by 168687 in the second quarter of 2018.Immigrants accounted for 82%,and the total number of international migrants arriving in Canada in the second quarter of this year reached an all-time high of 138978.
Immigration was the biggest factor contributing to the population increase in the previous quarter.It was also the quarter with the largest number of Canadian immigrants since 1971.
Data from the Canadian Federal Immigration Department show that the number of new immigrants from China has maintained steady growth in recent years.The number of new Chinese immigrants arriving in Canada was 19535 in 2015,26855 in 2016,30280 in 2017,7405 and 7710 in the first two quarters of 2018,respectively.
China,once Canada’s largest source of immigrants,has been on a downward trend in the rankings since 2012,according to the Canadian Immigration Department.By the first half of 2016,due to Canada’s acceptance of a large number of Syrian refugees,the number of Chinese immigrants had dropped to fourth.
Historical data show that 2005 was the peak of Chinese immigration to Canada,with a total of 42500 people,and became the largest source of immigration in Canada.China has remained in the top three on the list of Canada’s largest source of immigrants and re-occupied the top spot in 2008 and 2009.
According to the latest statistics from Statistics Canada,the number of Chinese immigrants showed a good trend in the second quarter of 2018.In the first seven months of 2018,19200 Chinese have emigrated to Canada,and about 33000 new Chinese immigrants are expected to arrive in Canada in 2018.
The influx of new immigrants will lead to a variety of industries,including real estate,cars,catering and tourism.In the current situation of tightening mortgage loans in Canada,new immigrants from China may become the main force of home purchases,thus promoting the development of real estate and related industries.
Canada is the third most popular investment destination for Chinese tourists in 2018,according to the survey.Fourteen percent of Chinese investors chose Canada as the preferred place to invest,followed by the United States(26 percent)and Australia(19 percent).
The survey found that 60%of investors who visited Canada in the past year planned to buy property at resorts,and 58%were considering emigration.
Toronto is the most interesting city for Chinese investors,followed by Montreal,Vancouver,Ottawa and Calgary.
However,in the face of the current population growth rate,the Bank of BMO believes that Canada needs to build more housing to meet the supply and demand of the market.
Economists Doug Porter and Robert Kavcic say Canada needs to build 200000 units within a year to meet market demand.The rapid population growth also means that Canada needs to build more houses than ever before.
However,according to the latest data released by the Canadian Mortgage and Housing Corporation,new housing starts continue to decline across the country,reaching the lowest level in the past 19 months.
Data show that new housing starts have fallen in four of the past five months.Whether it is detached houses,apartments or townhouses,the number of new housing starts has declined.
The number of new housing starts across Canada in September was 207,down slightly from 213966 in August.
On a seasonally adjusted basis,new housing construction decreased significantly in September,after economists had predicted that 210000 new housing construction would start in September.However,under the joint action of many factors,it failed to meet the expectations.
New housing starts in BC province fell the most,falling by 43.3 per cent.In the Dawen area,the decline in new housing starts is even more pronounced.However,the report also points out that the Dawen area only goes against the current,concentrating 1/4 of the new housing starts in the whole province of BC.
Property sales have slowed in recent months due to rising interest rates,new mortgage rules and poor housing affordability.This factor directly led Canadian developers to reduce the number of new housing starts.
The slowdown in the construction sector is likely to continue in the short term as high interest rates and stricter mortgage rules still have an impact on the real estate sector,according to CIBC.