Pat Lauzon via Getty Images Aerial view over a suburban residential area in Montreal. MONTREAL ― Newcomers are behind a great deal of the demand for housing in Canada, and the country needs a strategy to build homes in a “smart and sustainable” way to keep up with population growth, says a new report. Even so, some 15 per cent of new arrivals to Canada have the means to purchase their first home, the Royal LePage survey found. Watch: Cannabis production is creating real estate “mini-booms” across Canada. Other research has suggested that Canadian cities may be underestimating how much housing they need because of an influx of international students that isn’t counted in the population statistics.

Source: Huffington Post October 17, 2019 16:52 UTC