Starting on January 2023, Canada will prohibit foreign nationals from purchasing real estate — with important exceptions for permanent residents and temporary visitors, including temporary workers and international students.
Bill C-19, the Budget Implementation Act of 2022, received royal assent on June 23 as the federal government works to cool the hot housing market.
The temporary ban on foreign investment in Canadian residential real estate is also occurring while Ottawa is promoting the creation of more new homes with the provincial and territorial governments, municipalities, and non-profit organizations.
#Real_estate, #Bill_C19, #housing_market, #Budget
https://www.blogto.com/real-estate-toronto/2021/08/trudeau-housing-ban-foreign-home-buyers-canada/
July 13, 2022
On July 8, 2022, Statistics Canada published a new labour survey analyzing the Canadian labour market for June.
According to the new report, the unemployment rate in Canada hit a new all-time low of below 5% in June.
Despite a decrease of 43,000 jobs in Canada, unemployment fell by 0.2 percentage points to 4.9 percent, as fewer people were looking for employment.
In five out of 10 provinces, the unemployment rate was less than 5 percent. In fact, it was as low as 4% in Saskatchewan and Manitoba.
#Statistics_Canada, #unemployment_rate, #labour_Market_Survey
July 11, 2022
Client Survey of Temporary Resident applications in India has revealed that rural India is inundated with advertising with potential applicants unable to know which agent to choose.
There are hundreds of billboards directing the public to agents to get a visa.
The issue is only 8.5% of these agents were ICCRC authorized representatives, while the rest of the clients utilized the services of unauthorized immigration agents.
According to the survey result, 29% of the agents guaranteed that a visa would be issued, and 15% of the clients were charged an additional fee once the visa is issued.
#India, #Immigration_agents, #unauthorized_immigration_agents
July 5, 2022
The Canadian Government announced in late 2019 that it would waive application fees for new Canadian citizenship applicants.
The pandemic delayed these plans, and then Canada held a federal election. Justin Trudeau, the leader of Canada's Liberal Party, asked his new immigration minister,
Fraser, to keep his campaign promise and waive citizenship fees after the party's third consecutive victory. This is outlined in Fraser's ministerial mandate letter, which describes his top
immigration priorities. However, the Canadian Government will need more time to fulfill its pledge to waive citizenship fees.
#Fraser, #Trudeau, #Citizenship_application_fees
July 4, 2022
