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CIC News Recent policies that may make home ownership more affordable for eligible newcomers to Canada On April 11, 2024, Deputy Prime Minister/Finance Minister Chrystia Freeland announced several new housing affordability measures designed to help first-time buyers and current homeowners. In light of the federal restrictions on foreign home buyers last year (more on that…
CIC News Canada extends foreign home buyer ban until 2027 The Canadian government has extended the Prohibition on the Purchase of Residential Property by Non-Canadians Act until January 1st, 2027. The policy, which was initially instituted to increase the number of housing units available to Canadians for purchase, will now be in place for an…
CIC News Newcomers to Canada are more likely to be in unaffordable housing situations A recent study from Statistics Canada found that 1 in 6 newcomers rents their accommodation, and those who have arrived more recently are having a harder time finding affordable housing than immigrants who have been in Canada longer. The study defines…
CIC News Five things to do in your first week as an international student in Canada Coming to Canada as an international student is a big step for many people and this article will outline a few of the key steps that a newcomer pursuing their education must take in their first week in this…
CIC News How do people in Canada spend their money? Statistics Canada recently released its survey on household spending—the annual report on how much Canadian households spend on goods and services in the country—for the year 2021. The report provides a view of what households in Canada were spending their money on, and how much…
CIC News Most Canadians believe heightened immigration will be valuable to national economy Reports from urban population centres across Canada suggest that rent prices in these areas are “soaring” as a result of “explosive population growth.” This is creating conditions that are requiring many Canadians to leave major cities and find more affordable housing in…
CIC News Buying a home in Canada as a non-Canadian The Prohibition on the Purchase of Residential Property by Non-Canadians Act was passed in parliament in June 2022 and came into effect on January 1 this year. Broadly speaking, the new regulations will prohibit the purchase of a residential property by any foreign investor who…
CIC News Housing in Canada: Reviewing shifts in the Canadian housing landscape over the last decade Statistics Canada (StatsCan) recently released its latest report on the state of housing in Canada, based on its 2021 Canadian Housing Survey. This report, which details and analyzes changes and trends in the country’s housing market between 2011 and…