Shifting Canadian immigration expected to boost housing demand
Canada is welcoming immigrants at its fastest rate since the Second World War, and it should have a significant impact on the labour market and housing demand, as well as projected interest rate hikes, according to a new CIBC report.
The Canadian government accepted 401,000 new immigrants during 2021, more than double the number of arrivals in 2020 (185,000). Moving forward, immigration targets for 2022 and 2023 are 411,000 and 421,000, respectively.
“Equally significant here is the evolving composition of those new immigrants,” said Benjamin Tal, CIBC’s deputy chief economist, in the report. “A closer look suggests that the employability of newcomers is on the rise, which should work to ease the pressure on the Bank of Canada to hike aggressively in 2022 and beyond.”
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Canada is welcoming immigrants at its fastest rate since the Second World War, and it should have a significant impact on the labour market and housing demand, as well as projected interest rate hikes, according to a new CIBC report.
The Canadian government accepted 401,000 new immigrants during 2021, more than double the number of arrivals in 2020 (185,000). Moving forward, immigration targets for 2022 and 2023 are 411,000 and 421,000, respectively.
“Equally significant here is the evolving composition of those new immigrants,” said Benjamin Tal, CIBC’s deputy chief economist, in the report. “A closer look suggests that the employability of newcomers is on the rise, which should work to ease the pressure on the Bank of Canada to hike aggressively in 2022 and beyond.”
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The Digitization of the Buying Process is the Future of Real Estate
When it comes to real estate, people love to pull out their favourite adage, ‘Location, location, location’. But, if you’ve been paying even slight attention to the recent Canadian market, you know that a more apt maxim might simply be, ‘Demand, demand, demand’.
And developers and buyers are both struggling to deal with it.
“Why does e-commerce work in every other industry? Because it’s simple,” says Ben Smith, President of AVESDO.
And what isn’t yet ‘simple’ is the current process of buying real estate online. But AVESDO is trying to change that. In fact, their soon-to-market “Selection Worksheets Process,” within their popular Transaction Management Platform (TMS), digitizes one of the most important aspects of the buying process – initial intent – and allows for a win-win situation while saving valuable time.
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When it comes to real estate, people love to pull out their favourite adage, ‘Location, location, location’. But, if you’ve been paying even slight attention to the recent Canadian market, you know that a more apt maxim might simply be, ‘Demand, demand, demand’.
And developers and buyers are both struggling to deal with it.
“Why does e-commerce work in every other industry? Because it’s simple,” says Ben Smith, President of AVESDO.
And what isn’t yet ‘simple’ is the current process of buying real estate online. But AVESDO is trying to change that. In fact, their soon-to-market “Selection Worksheets Process,” within their popular Transaction Management Platform (TMS), digitizes one of the most important aspects of the buying process – initial intent – and allows for a win-win situation while saving valuable time.
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Housing Market Snapshot for 2021
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toronto
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قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toronto
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What Will the Spring 2022 Housing Market Look Like?
The spring housing market is often regarded as one of the busiest and most important times to buy or sell a home.
With increasing inflation, rising property prices, and record-low housing supply, the 2022 spring market could be a challenge to navigate without the skills and knowledge of an experienced REALTOR®.
Some may consider the spring market to occur between March and May. Also the spring market can start as early as January after home buyers have spent holiday downtime surfing REALTOR.ca and evaluating their plans for the new year.
If I were advising a client who has a listing, I would say get out there in January and February, because that’s when there really aren’t a lot of listings, but there’s a lot of demand.
The spring housing market is often regarded as one of the busiest and most important times to buy or sell a home.
With increasing inflation, rising property prices, and record-low housing supply, the 2022 spring market could be a challenge to navigate without the skills and knowledge of an experienced REALTOR®.
Some may consider the spring market to occur between March and May. Also the spring market can start as early as January after home buyers have spent holiday downtime surfing REALTOR.ca and evaluating their plans for the new year.
If I were advising a client who has a listing, I would say get out there in January and February, because that’s when there really aren’t a lot of listings, but there’s a lot of demand.
118-122 Industrial Rd
Richmond Hill, Ontario, L4C2Y3
Industrial
For Sale Listed for: $6,399,000
5 Bathrooms
Property Type: Industrial
Size: 15,200 feet²
Lot Size: 110.08 × 278.55 feet
Annual Property Taxes: $23,288.13
Total Parking Spaces: 10
Height: Approx. 14 to 18 feet
Description:
Rarely Offered Well Maintained "Free-Standing Building" In The Heart Of Richmond Hills! Divided Into 2 Units. One Unit Is Tenanted And One Is Currently Vacant, W/Ample Parking. Close To All Amenities And Easy Access To Hwy 404. Front Of The Bldg Has Appox.14 Ft Clear Height, Rear Has Approx. 18 Ft Clear Height. 3 Drive-In Doors. Many Improvements Over The Last Several Years Have Been Completed. Permitted Uses Include Manufacturing And Industrial Operations, Warehousing And Storage.
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
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Richmond Hill, Ontario, L4C2Y3
Industrial
For Sale Listed for: $6,399,000
5 Bathrooms
Property Type: Industrial
Size: 15,200 feet²
Lot Size: 110.08 × 278.55 feet
Annual Property Taxes: $23,288.13
Total Parking Spaces: 10
Height: Approx. 14 to 18 feet
Description:
Rarely Offered Well Maintained "Free-Standing Building" In The Heart Of Richmond Hills! Divided Into 2 Units. One Unit Is Tenanted And One Is Currently Vacant, W/Ample Parking. Close To All Amenities And Easy Access To Hwy 404. Front Of The Bldg Has Appox.14 Ft Clear Height, Rear Has Approx. 18 Ft Clear Height. 3 Drive-In Doors. Many Improvements Over The Last Several Years Have Been Completed. Permitted Uses Include Manufacturing And Industrial Operations, Warehousing And Storage.
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.