Immigration A Big Factor In Canada Housing Boom

The need for more houses in Canada is growing as we speak. But that is not surprising as Canada is one of the top countries in the world where immigration is quite high. This definitely means that with more people living in the country, the need for more houses would also rise.

Ontario is one of the Canada’s provinces. And its towns are reaping in a huge portion of the immigrants. In fact, new communities are being built as people are moving in and becoming part of the country’s population. What used to be suburbs are now developing into urban areas. With more and more people looking at the suburbs for cheaper housing, it is not surprising when these suburbs house a huge portion of immigrants.

The pricing situation of houses

If you are going to live in the Greater Toronto Area (also known as the GTA) as an immigrant, you would need to know the prices of houses there. That way, you could come prepared for it. After all, it is not nice to be able to be an immigrant in a new country and yet not be able to get a place that you can call your home.

For the average family, a single and new detached house in this area sells for around $1,264,604 and this price is for last year. That number came from the country’s Building Industry and Land Development Association. As they are the ones who work with such, they are the experts when it comes to houses and prices.

However, if you are looking for a semi-detached house somewhere in Durham, then you would have to shell out around $666,220 for that one. For a detached house somewhere around north of Toronto, that should mean you would have to spend $1.8 million for that one. Of course, these prices are just the average so it means you may have to spend a lot more or a lot less.

The larger cities and their stories

If you have passed immigration requirements and now have moved to the country of your choice, where would you actually decide to live? Especially if you do not know anybody in that country?

For most people, they would choose to go with the bigger cities because that is where the job opportunities lie. Plus, it is most likely that the bigger cities are the most famous places in that country. That is why, in Canada right now, the larger cities are receiving more and more immigrants.

With that, the need for more houses is rising. Suburbs are now making sure that they are available for all those immigrants to have a place to live in as the cities are becoming too crowded with a lot less space for houses.

 

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