The Liberal Government has recently socialized plans to increase immigration targets over the next three years. Canada has an aging population, and our steady flow in immigration annually allows us to recover the population growth we need as a country to survive and thrive economically.
Covid had an impact on our immigration this year, our borders were closed to students and newcomers to prevent the spread of the disease and to manage any uncontrollable outbreaks. While this did not have a material impact on the detached housing market in the GTA, it did impact the demand for rentals in most major Canadian cities; affecting primarily Condos in Toronto.
The newly set targets of over 400,000 new immigrants annually over the next three years is ambitious. However, if the risk of Covid does minimize in the next year, they are seen as achievable. This is welcome news to real estate investors, however it remains to be seen if they will eventually materialize.
The Liberal Government has recently socialized plans to increase immigration targets over the next three years. Canada has an aging population, and our steady flow in immigration annually allows us to recover the population growth we need as a country to survive and thrive economically.
Covid had an impact on our immigration this year, our borders were closed to students and newcomers to prevent the spread of the disease and to manage any uncontrollable outbreaks. While this did not have a material impact on the detached housing market in the GTA, it did impact the demand for rentals in most major Canadian cities; affecting primarily Condos in Toronto.
The newly set targets of over 400,000 new immigrants annually over the next three years is ambitious. However, if the risk of Covid does minimize in the next year, they are seen as achievable. This is welcome news to real estate investors, however it remains to be seen if they will eventually materialize.
Changing topics from Real Estate for a minute, I’m sharing my top 5 interesting articles I’ve come across this month. Let me know which one you like the best and feel free to share with me your favourites reads this month.
- Zoom Towns are the West’s new Boom Towns. (Fast Company)
- Cool visuals about the world’s oldest institutions. (Long Now)
- Is this still covid friendly soccer, still soccer? My honest answer is no. (NYT)
- Dams don’t just go up. Sometimes they come down…and give a river new life. (BBC)
- How do you know when society is about to fall apart? (NYT Magazine)
- The problem with interrupting, and how to stop. (The Guardian)
- Should insurers pay for lockdowns? (Businessweek)
- The fraught history that turned bananas into a supermarket staple. (Throughline)
- Facebook has a “violence and incitements” trend indicator. The outlook…not good. (BuzzFeed News)
- How a Japanese rice farmer got tangled up in the Hertz bankruptcy. (WSJ)