HOME RATES ABOUT SERVICES VIDEO BLOG CONTACT ME TEAM
Dan Penner Mortgage Advisor

Dan Penner

Mortgage Advisor


Phone:
Address:
388 - 1130 West Pender Street, Vancouver, British Columbia

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

"Canada's New Immigration Plan Takes Housing into Account 🏡🇨🇦"

11/2/2023

Hey there, readers! ๐Ÿ“ฐ It's November 1, 2023, and we've got some exciting news from up north. ๐Ÿ Prime Minister Justin Trudeau's government is shaking things up, and it's all about housing, healthcare, infrastructure, and more as part of their immigration plan. Let's break it down for you!

๐Ÿ  Housing Takes Center Stage: As the housing crisis and affordability concerns continue to make headlines, the Canadian government is stepping up. Immigration Minister Marc Miller has revealed that housing is now a key factor in setting immigration targets. It's about ensuring that newcomers can find a place to call home when they arrive in Canada.

๐ŸŒŸ A Plan for a Stronger Immigration System: The government is not just talking the talk but walking the walk. They've also released a comprehensive report outlining their strategy for improving the immigration system. This change couldn't have come at a better time, with critics voicing their concerns about how increasing immigration was impacting housing shortages and putting pressure on essential services like healthcare.

๐Ÿ’ช A Heavy Reliance on Immigration: Canada has been heavily relying on immigration to bolster its workforce and counteract the effects of an aging population. In the year leading up to July 1, 2023, Canada's population grew by 2.9%, and a whopping 98% of that growth was attributed to international migration. That's quite the influx!

๐Ÿ‘ฉ‍๐Ÿ’ผ The Right Age Group: Notably, around two-thirds of recent immigrants who have become permanent residents of Canada are between the ages of 25 and 54. This means they're in their prime working years, ready to contribute to the country's growth and prosperity.

๐ŸŽฏ Setting the Targets: Immigration Minister Miller is set to announce Canada's annual targets for permanent residents very soon. Last year, the goal was to reach 485,000 by 2024 and half a million by 2025. Miller made it clear earlier this year that these targets aren't going down; they might stay put or even go up because the need for new blood in the Canadian workforce remains strong.

So, Canada's immigration plan is evolving, with a focus on making sure immigrants have a roof over their heads and access to vital services. ๐Ÿก๐Ÿ’ผ The government is tackling the housing crisis head-on, and we're eager to see how it all unfolds!

๐Ÿ“ข Don't forget to use these hashtags: #VancouverMortgageBroker #NorthVancouverMortgageBroker #WestVancouverMortgageBroker #BurnabyMortgageBroker #CoquitlamMortgageBroker #PortMoodyMortgageBroker #NewWestminsterMortgageBroker #SurreyMortgageBroker #LangleyMortgageBroker #AbbotsfordMortgageBroker #MissionMortgageBroker #MapleRidgeMortgageBroker #PittMeadowsMortgageBroker #ChilliwackMortgageBroker #KelownaMortgageBroker #VernonMortgageBroker #VictoriaMortgageBroker #VancouverIslandMortgageBroker #BestMortgageRates #BestMortgageBroker #HomeSweetHome ๐Ÿก๐Ÿ

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank