Recently, the Oxford Economics Institute issued a new warning: Canada is heading towards a hard landing, and housing prices are expected to plummet by 30%.
According to reports, the Oxford Economics Institute states that Canada must prepare for a hard landing of its economy. The institute predicts that due to multiple factors such as high debt burdens, high inflation, and rising interest rates, Canadian real estate prices will undergo a sharp adjustment, dropping by more than 30%. Tony Stillo, a director at the Oxford Economics Institute, stated: "We expect housing prices to fall by 30%, with benchmark prices returning to levels seen at the end of 2020, offsetting 50% of the price surge that occurred during the pandemic."
At the same time, recently, the founder of Radius Financial, a veteran expert in the Canadian mortgage industry, also published a commentary warning that unless the Canadian government responds immediately with urgent policy changes, the Canadian real estate market will experience a decline of up to 30%, resulting in a loss of 170 million Canadian dollars for Canadians. This warning is based on his 20 years of experience witnessing various market cycles.
In the past six months, as interest rates have risen, the Canadian housing market has gradually cooled, with prices continuing to decline. For investors, this may be a good time to invest in property. Additionally, a home is not only an asset but also an improvement in living conditions. After the pandemic lockdown, Canadians have changed their priorities regarding their homes. A beautiful kitchen and open space have become essential during the pandemic, as home office and entertainment spaces have gained greater importance. Therefore, for Canadians and new immigrants, now may be a good opportunity to choose housing and property investment.
As a traditional immigration country, Canada offers a beautiful environment, high-quality education, and generous welfare, making it a desirable destination for many immigrants. Canada has one of the most comprehensive welfare systems in the world, providing numerous social benefits for new immigrants, including healthcare, pensions, unemployment benefits, and social assistance. It can be said that Canada's various welfare programs are deeply integrated into people's daily lives, greatly benefiting new immigrants in maintaining a balance between work and life!
Canada has long faced low birth rates and an aging population, leading to a growing labor shortage. New immigrants play a positive role in promoting Canada's economic development. In the short term, new immigrants will help stimulate economic activity in Canada and alleviate economic pressures; in the medium to long term, immigration will be key to maintaining Canada's prosperity. It can be said that immigration has always been an important part of Canada's economy. In the future, Canada may further strengthen its efforts to attract new immigrants.
For this reason, Canada is actively welcoming new immigrants. Currently, Canada is implementing a plan to accept over 1.3 million immigrants, and those interested in immigrating to Canada should apply promptly. Among the various types of immigration programs in Canada, employer-sponsored immigration has gained significant popularity among investors. The Ontario Employer-Sponsored Immigration Program, in particular, offers many advantages such as low thresholds and flexible application conditions, providing investors with a convenient pathway for rapid immigration to Canada, making it highly sought after!
Worldway Group, with years of industry experience, possesses abundant employer resources across various sectors, including large building materials companies, IT companies, sales companies, educational institutions, trading companies, food companies, travel agencies, hotels, supermarkets, restaurants, and more, catering to the job matching needs of immigration applicants from different industries and backgrounds. If you would like to learn more about employer positions in Ontario, please call Worldway, and our professional immigration consultants will tailor an immigration plan for you, with multiple quality positions available for precise matching, helping you realize your dream of Canada!
In addition, for those wishing to immigrate to Canada, besides the Ontario Employer-Sponsored Immigration, there are also Manitoba Study-to-Immigrate; Canadian Skilled Worker Employer-Sponsored Immigration, Saskatchewan Employer-Sponsored Immigration, Manitoba Employer-Sponsored Immigration, British Columbia Employer-Sponsored Immigration, Atlantic Immigration Program (AIP); Canadian Saskatchewan Entrepreneur Immigration, Prince Edward Island Entrepreneur Immigration, Manitoba Entrepreneur Immigration, New Brunswick Entrepreneur Immigration, and Canadian Federal Startup Investment Immigration (SUV), which are also popular choices for investors immigrating to Canada!
As one of the top 500 Asian brands, focusing on investment immigration for over 20 years, Worldway Group has a strong project analysis team, a professional copywriting team, and a comprehensive customer service team, collaborating with many reputable institutions in Canada to provide investors with professional, comprehensive, and diverse services, making it a worthy choice for you!
Great news! Great news! To thank our valued new and old customers for their long-standing trust and support for Worldway, we are launching the "Mid-Autumn Festival Gift • Special Month" event. Enjoy a second identity globally, and celebrate family reunions happily. From September 1 to September 30, 2022, we are giving away health gifts for reunions, recommending luxurious gifts continuously, and significantly reducing immigration service fees. With immigration projects from 18 countries (regions), there is bound to be one that suits you, starting from 60,000 euros, allowing the whole family to obtain a second identity in one step, with limited-time great discounts that should not be missed!
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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