New immigrants arriving in Canada are purchasing new homes at a “rapid” and “impressive” rate…just four years after arrival in Canada 55% of immigrants will own their home…28% of new and resale home purchases between 2001 – 2008 were by recent immigrants…

Homebuilders have always understood and appreciated the importance of immigration to economic growth including housing demand. But even builders were surprised with the results of a landmark study commissioned by Canada Mortgage and Housing Corp. that analyzes the housing situations of immigrants arriving in Canada six months, two years and four years after arrival.

Read the full article by Stephen Dupuis, “Immigration a boon to housing market” in the Toronto Star (Sept. 19, 2009).

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