Immigrants to Canada: Resources for Buying Your First Home
Finding a house for you and your family as Immigrants to Canada is an important task. You with your family is going to start your new life in that house.
For a new house in Canada you need a place where you and your family can easily adjust. The neighbourhood for your new house also matters. In most cases new Canadians rent their first home.
Canada’s housing market has typically been stable for purchasers and renters, but rising interest rates are lowering prices.
As of 2018, 44% of Canada’s 1,153,400 recent immigrants were living in a privately owned residence, according to the country’s statistical agency. This is below the Canadian-born population average, yet it reflects a large fraction of newcomers who own property within five years of arriving.
New housing policies and economic conditions have made buying property in Canada easier for newcomers, part of a welcoming buying climate. However, the 2018 study found that most newcomers to Canada will rent a home.
Where can I rent?
After deciding what kind of place you want, where you want to reside, and your monthly/yearly housing budget, there are various resources to identify rental properties.
Visit neighbourhoods where you want to live and check for “For Rent” signs on houses or buildings. Ask the superintendent if there are any current or future rentals. For a wide-area rental property search, Google Maps can be used.
Other rental units include:
Where to buy properties?
Newcomers to Canada might use many strategies to buy a property. Common tools:
What kind of properties are available in Canada?
Canada offers newcomers many rental and permanent housing options. Examples are:
Housing scams are common and Newcomers are especially susceptible to housing fraud. To avoid the scam you should take the note of following:
Phantom rentals—already rented units listed twice—should be avoided whether renting or buying.
Suspicious money or payment demands (Canada often uses cheques or e-transfers); or
No background checks to rent or buy.
New buyers and renters can protect themselves by never dealing in cash, never signing an agreement without inspecting the property, and never dealing in cash. Also they can confirm by contacting current/former tenants; Demand a provincially compliant written lease.
Hiring a realtor/representation to ensure your agreement is legal is also a good option. If hiring a realtor, check their provincial board registration. Verify the realtor’s background by inquiring about their experience, the houses they’ve sold, and the feedback they’ve received from previous customers.
These are some free Canadian resources for newcomers. These resources can help you find a house faster. Always check before renting or buying a house as a newcomer in Canada. You can also take help from your friends or family (if any) who are already in Canada.
Summary:
As an international student in Canada, you may find that the course or program you…
The ratio of visitor visas denied to those approved has been higher in recent months…
Process for Student Visa to PR in Canada: Canada has become a sought-after destination for…
The CELPIP Exam is a computer-delivered English language proficiency assessment tool recognized by Immigration, Refugees…
World Education Services (WES) is a nonprofit organization specializing in credential evaluation for international students…
Business groups express apprehension regarding implementing policies that aim to decrease the number of migrant…