Over 200,000 immigrants arrive in Canada every year. Settling mainly in major cities across the country, such as Toronto, Vancouver, Montreal and Ottawa, their presence is vital to the Canadian housing market. Why?

Well, a national poll conducted from September to October of this year has shown that of the 418 residents surveyed, all who have immigrated to Canada within the past decade, 52% bought a home. And not just well after their arrival. 52% bought a home within 3 years of coming to the country. While income, savings and language barriers were some key issues that made it difficult for the surveyed to purchase a home, 64% said that home ownership was very important to them and their family. This, no doubt, has contributed to the high percentage of buyers in the immigrant community.

The poll was conducted by Genworth Financial Canada, a financial security company.

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