Blue Bird Blog

Housing has become a key issue for Canadians in 2024, with much attention given to the impact that changing interest rates, population increases, natural emigration patterns, and other factors have had on housing costs.
After compiling a guide on rental costs across Canada in 2024, CIC News has prepared the following guide on the costs of buying a home in Canada, considering the largest cities and population centers in each of the country’s provinces.

Starting September 3rd, the processing of Labour Market Impact Assessments (LMIAs) to applicants in Montréal will be suspended for job offers with hourly wages below $27.47 CAD (the Quebec median hourly wage). This measure is expected to be in place for the next six months and has been approved by the federal government of Canada.

According to a recent report by a Quebec-based non-profit think tank, the province’s growth in temporary immigrants was primarily driven by two programs: the Temporary Foreign Worker Program (TFWP) and the International Mobility Program (IMP).
According to this report, published by the Institut du Quebec (IDQ) last month, Quebec’s temporary resident population grew 46% in 2023 and most of this growth was due to an influx of temporary workers. Specifically, Quebec had 167,435 temporary work permit holders last year, almost four times as many as in 2015.

Foreign nationals seeking permanent residence (PR) in Canada often look for the fastest pathway to achieving their goal and starting a new life in this country.
On a basic level, Canada has four primary immigration classes: economic immigration, family-class sponsorship, humanitarian/compassionate immigration and immigration for refugees/protected persons.
However, within those four general classifications, Immigration, Refugees and Citizenship Canada (IRCC) provides foreign nationals with more than 100 ways to immigrate to Canada.

A new Leger poll conducted for OMNI news, illustrated the effect of an increasing cost of living on newcomers in Canada. According to the study, 83% of the 1522 newcomers surveyed felt that affordability issues were making settling in Canada more difficult.

Simultaneously, a recent study by Statistics Canada found that more than a third of newcomers who recently arrived in the country were in renting situations where they needed to spend more than a third of their pre-tax income on rent.

On February 6th the federal government announced new policies to help increase affordability for Canadians, and those living in Canada. Similar affordability policies were instituted by the government last year.