A family takes pictures in the shade on a hot day in Toronto on June 23, 2022. The Canadian Press/Nathan Denette
Immigrants arriving in Canada led to a rise in housing prices, accounting for 11 percent of the price increase in smaller towns and 21 percent in cities of more than 100,000 people, according to the Immigration Department.
According to the report “Immigration and Housing Prices Across Municipalities in Canada,” municipal data across Canada from 2006 to 2021 suggest that over the study period, “the rise in the influx of new immigrants, who arrived in Canada within the past five years, on average, accounted for 11 percent of the rise in median house values and in median rents across municipalities with a population of at least 1,000.”
