See how Mississauga real estate makes new immigrants feel at home.
Summer brings in many new immigrants to Mississauga. Sometime ago I read in Reader’s Digest that both in the USA and Canada, new immigrants are responsible for a thriving economy. Immigrants as a whole are better educated and those with marketable skills get brownie points. With their advent, industries grow and job vacancies rise.
Canada especially stresses on skilled new immigrants who have gone on to strengthen the economy with their valuable expertise. Canadian immigrants come from different cultures and nations which consequently translate to greater expertise, linguistic skills and connections with their country of origin, promoting trade and strengthening international relations.
However, with a shrinking local population in some provinces and declining skills, a shortfall of 3 million skilled workers by 2020 is estimated in the future.
Undoubtedly, Canada has the highest per capita immigration in the world, even though the immigration rate has declined sharply since the early 20th century. The high immigration rate is attributed to the country’s rich economy. Canada is one of the world’s largest suppliers of natural resources such as lumber, metals and oils. In recent times, the real estate, medical, pharmaceutical and IT sectors have also registered a sharp growth in investment and sales, which is most visible in the Greater Toronto Area, especially Mississauga.
Even as the demand for immigrants is on the rise, the difficulties they face after arriving here make many others think twice. To beat this trend, the government in Canada, especially Ontario, has taken it upon themselves to make things easier with several grants and benefits for first time buyers, especially in housing and real estate. For example, new immigrants are offered home loans with down payment of 35% even with no credit history and job.
Canada Mortgage and Housing Corporation’s (CMHC) newcomer’s guide to Canadian housing gives useful insight into the Ontario Housing market. If you have set your sights on Mississauga, you can check out homes and condos in Mississauga.