{"id":954,"date":"2022-08-22T08:30:00","date_gmt":"2022-08-22T08:30:00","guid":{"rendered":"https:\/\/www.realestateleads.ca\/blog\/?p=954"},"modified":"2023-09-25T22:04:41","modified_gmt":"2023-09-25T22:04:41","slug":"immigration-to-canada-likely-to-prevent-full-blown-housing-market-crash","status":"publish","type":"post","link":"https:\/\/www.realestateleads.ca\/blog\/immigration-to-canada-likely-to-prevent-full-blown-housing-market-crash\/","title":{"rendered":"Immigration to Canada Likely to Prevent Full-Blown Housing Market Crash"},"content":{"rendered":"
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Part of the reason that there is an insufficient supply of housing in Canada is because there are simply more people wanting a home than there are ones available for them to buy, move into, and live there. Immigration is an important part of Canada and has always been that way considering we are very much a country of immigrants and in the big picture we\u2019re better for it. But immigration does put strains on society, and particularly with regards to housing, healthcare, and infrastructure. New housing starts can\u2019t keep up with the demand, and the demand is growing exponentially larger all the time.<\/p>\r\n\r\n

We also know that the Canadian housing market<\/a> is in a correction right now, and that while falling median prices for homes isn\u2019t something that existing homeowners or real estate agents are going to want to hear of. But at the same time if you\u2019re going to be fair and objective you\u2019ll have to say it\u2019s a very necessary correction given what has happened over the past 5 years and more. Even real estate agents will agree with that, and while a correction means houses are selling for less that certainly doesn\u2019t mean that fewer of them are being sold. <\/p>\r\n

Realtors who want to gain an advantage in what is a very competitive industry will want to sign up for our online real estate lead generation system here at Real Estate Leads. It\u2019s an excellent way to be better with new-client prospecting and be building the base of your business at all times, and it is the best way to be fast-tracked for meeting people who are genuinely looking to buy or sell a home. But enough about that and let\u2019s move back to discussing how immigration is likely preventing a market crash of much larger proportions. <\/p>\r\n

Decisive Demographics<\/b> <\/b><\/h3>\r\n

A prominent economist is saying that the Canadian housing market won\u2019t have that outright crash due to steady demand from immigration as newcomers to Canada are helping to support the property market through its current downturn. The indication is that the flow of new permanent residents is already rebounding from lows seen during the pandemic and are on their way to record levels if Canada\u2019s updated immigration targets are going to be met.<\/p>\r\n

So yes, Canada is in the middle of a steep housing correction and while the cycle hasn\u2019t played itself out in full yet, no one believes we\u2019re going to see the type of prolonged spiral seen in the US during the 2008 financial crisis. And the primary reason for that is the demographic demand for housing in Canada is strong and becoming stronger all the time.<\/p>\r\n

Let\u2019s remember that the number of Canadian households is forecast to increase by 730,000 by 2024 as we add an average of 240,000 new households annually. Immigration is a fundamental part of the increase, and Canada is aiming to bring in a record 1.3M new permanent residents with 555,000 new households over the next 2 years or so. The country\u2019s population is growing at a pace that is double the average one for an OECD country over the last 10 years. <\/p>\r\n

Household Sizes Shrinking<\/b><\/h3>\r\n

The rapidly increasing population is combined with shrinking household sizes. Between 2016 and 2021 the average household size declined by 0.02 people, going along to an increase in total household numbers by 30,000 each year. And what that does is strengthen demand for housing and powerfully counteract sliding sales and prices to put a \u2018floor\u2019 under the correction. This will prevent median home prices from declining TOO much, and that has to be good news for homeowners. <\/p>\r\n

If you\u2019d like to put some serious power behind your client prospecting efforts then do like a whole lot of other success-minded realtors have and sign up for Real Estate Leads here<\/a>. It\u2019s a proven effective way to put Internet Marketing approaches to work for you and put you directly in touch with people in your area who are genuinely ready to make a move in the real estate market. Only one<\/i> realtor will receive these leads \u2013 you<\/i>!<\/p>\r\n\r\n

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 <\/p>\r\n","protected":false},"excerpt":{"rendered":"

Part of the reason that there is an insufficient supply of housing in Canada is because there are simply more people wanting a home than there are ones available for them to buy, move into, and live there. Immigration is an important part of Canada and has always been that way considering we are very […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-954","post","type-post","status-publish","format-standard","hentry","category-general-topics"],"yoast_head":"\nImmigration to Canada Likely to Prevent Full-Blown Housing Market Crash - Real Estate Leads Blog<\/title>\n<meta name=\"description\" content=\"Immigration to Canada Likely to Prevent Full-Blown Housing Market Crash - Real Estate Leads Blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realestateleads.ca\/blog\/immigration-to-canada-likely-to-prevent-full-blown-housing-market-crash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Immigration to Canada Likely to Prevent Full-Blown Housing Market Crash - 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