Canada’s January housing market update - Immigration a Critical Factor in the Future of Housing in Canada

View in browser

Dear ,

Finding accommodation in Canada and getting a job are the two significant challenges for newcomers to Canada.

We're here to help you do both.

On February 8 and 15, we're holding our FREE Canadian Connections Summit. We aim to connect people and places to help ensure your success as a newcomer to Canada.

At the summit, you'll be able to discover what Canada’s short-term economic and labour market forecasts mean for newcomer job prospects. You’ll also get helpful tips to prepare for the Canadian job market before you arrive.

We'll also help you understand the relationship between employment opportunities, housing, and settlement support service availability to help you achieve social and economic success.

Registering for the Canadian Connections Summit for newcomers is easy. You can register here for free. We hope to see you there.

In this month's newsletter, our featured city is Fredericton, New Brunswick. This city is one of Canada's gems, and will also be a participant in our free February summit. If you'd like to learn more about Fredericton, you can register here.

If you're making your travel plans for Canada, don't forget about essential travel and health insurance. You can get a free Aha Insurance quote simply by completing this quick form.

Also, check out our FREE Understanding Insurance webinar to learn why insurance is vital to ensure financial protection in case of an emergency. Aha is an insurance provider we trust.

In addition to the stories in this month's newsletter, here are some helpful links to recent Prepare for Canada and Rentals for Newcomers stories and webinars that we know will help you in your planning for your arrival in Canada:

Advice Matters helps newcomers learn about banking

How to find student accommodation in Canada

Choosing a city in Canada for Renting and Working

Saving for a down payment while renting

Please follow us at Rentals for Newcomers for the latest Canadian housing news and trends. And if you're active on social media, please follow us on Twitter (@rentalsfornewc), Facebook (Rentals for Newcomers) and Instagram (rentalsfornewcomers) and LinkedIn (Rentals For Newcomers).

See you at the Summit in February! Register now to ensure your spot.

David Frattini

Managing Partner

Prepare For Canada

For Newcomers Renting in Canada, Here's What You Need to Know

The No. 1 question renting newcomers to Canada and international students grapple with when they arrive is, “Where am I going to live?" Temporarily, it may be a hotel, short-term rental, family, friends or a hostel.

In the longer term, you will need to find your own place to rent. And, of course, you will need to figure out where to live.

For Newcomers Renting in Canada, Heres What You Need to Know

My Favourite Rental 18 Yonge Street

When Ryan D'souza and his wife arrived in Toronto they searched diligently for an apartment with little luck until a hardworking real estate agent found them a condo rental at 18 Yonge Street that they came to love. Its proximity to the vibrant waterfront, downtown and transportation hubs eased their journey to Canada. Location, location, location. Enjoy their rental adventure.

Newcomers to Canada are Driving Demand for Rental Housing

Newcomers to Canada are driving demand for rental housing and prices, and that trend will continue into 2023, according to a recent national rent price survey.

Canada admitted a record-breaking 431,000 new permanent residents to Canada by the end of 2022.

This surge in immigration (mainly from India, the Phillippines and China) will, experts say, have a significant impact on both the rental and home-buying markets moving forward.

Immigration a Critical Factor in the Future of Housing in Canada

Immigration to Canada will likely continue to play a critical role in the future direction of the cooling Canadian housing market, according to Farah Omran, Housing economist for Scotiabank.

"We are currently experiencing the most rapid pace of population growth in 50 years," said Omran in her recent Canadian Market 2022 WrapUp report.

Should My First Place in Canada be a Basement Apartment?

Many new Canadians originally shy away from the idea of renting a basement apartment to live in. Many imagine a dark and damp basement with bad living conditions. This is very far from the truth. It may not sound too appealing but in Canada, basements are usually quite nice and no different than any other part of the house. Also, it’s common for many people to start out in basement apartments. This is especially true if you want to live close to the downtown area of a city because basement apartments are usually less expensive than other types of rental units.

A-young-woman-greeting-a-guest-and-standing-in-the-doorway-of-her-basement-apartment

City Spotlight - Fredericton

What to Know About Living in Fredericton,..

Moving to Canada is a time filled with optimism. It’s also a time when you have to make..

Best Fredericton Neighbourhoods for Renting

Thinking about settling as a newcomer to Canada or an international student in one of the..

Ontario, Canada | Population, Cities,..

Ontario currently has a population of 14.8 million and the Government of Ontario is..

Read About Tenants & Medical Travel Insurance From Prepare For Canada and Aha Insurance

Insurance in Canada: What Newcomers Need to..

Protecting yourself and your family against unexpected danger and risk is what insurance..

Here's What Newcomers to Canada Need to Know..

Newcomers to Canada and international students arriving in Canada often ask, "Why do I..

Who is eligible for visitor travel and..

Having visitor travel and health insurance for Canada ensures that you and your travel..

Upcoming Webinars

February 8th & 15th

Canadian Connections Summit

REGISTER

March 7th

Arrive In Canada Financially Prepared

Register

February 23rd

Renting Your First Home In Canada

Register

February 26th

Buying a Home as a Newcomer

REGISTER