Winter is coming, to Canada which also means the year 2020 is coming to an end. Canada, a county known for its beauty, diversity, and size, has been coping well with the pandemic. Immigration levels are back on track while the real estate market is seeing a year-over-year increase in sales.
Canada welcomed 11,000 new Permanent Residents in August, a number far smaller than anticipated before the pandemic. However with a record breaking 4500 invites for permanent residence being issued by Immigration and Citizenship Canada each month through the Express Entry, we can see an influx of people coming and settling into Canada once the pandemic settles further. The recent re-opening for the Parents and Grandparents Program (PGP) in 2020 will further welcome 10,000 applicants to invite their parents and grandparents to Canada as Permanent Residents.
Canada has one of the world’s highest home ownerships rates, currently around 70% of all Canadian’s own a home. With current low interest rates, owning a home in Canada has never been easier. Home sales are up by 45.6% as compared to last year. Around 21% new immigrants become homeowners in their early years of moving to Canada. With the work-from-home becoming the new normal, many white collar workers and executives find themselves moving from metropolitan cities such as Toronto and Vancouver to the outskirts where they can afford to buy a property they actually own.
In Toronto, Tippet Richardson has also transformed itself post pandemic. Accustomed with dealing with such challenges since 1927, from world wars, recessions, government changes to pandemics, they have seen it all. Assisting families throughout the world to relocate to Canada and vice versa, planning and providing them with pre and post-arrival relocation services like, Home search, school search, language and cultural training, pet relocation, and vehicle shipping. Tippet Richardson with a custom-bonded warehouse, means any shipment whether small or large can be safely stored for long or short term till the family quarantines or finds a home to settle in. Tippet Richardson has been a leader in the global mobility industry, successfully relocating families to Canada and providing help in moving them into their dream homes since 1927.