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21% of homes in Canada bought by newcomers.

By 22 October 2023February 8th, 2024No Comments

According to a survey by The Royal LePage, 21% of homes in Canada are bought by newcomers to the country. The survey found that on average immigrants spend about three years in Canada before buying a home and that 75% of them arrive with savings enough to buy a home. About 1,500 people, all of whom arrived in Canada within the last 10 years, were interviewed by public opinion polling and market research company Leger for the survey, which was conducted online in August. Phil Soper, president and CEO of Royal LePage, said in an interview with CBC’s Radio-Canada that the survey found that newcomers represent about 21% of all homebuyers in Canada. The survey results are evidence that immigrants successfully establish themselves and contribute to the real estate market.

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