Housing Growth In Canada Case Study

Decent Essays
The Effects of Rapidly Increased Housing Price
Background information

In 2000, the average selling prove for all homes was only $243,255.[1] According to city of Toronto, by 2011, 49% of Toronto’s citizens were immigrants, while 33% of immigrants living in Toronto arrived between 2001 and 2011.[2] It is quite fair to say that, since there are more immigrants came in to Canada, to Toronto, the housing price increased as a result. More population, and the culture of settling down makes every family that immigrated to Canada would purchase one or more properties for their own use. While in the main time, opportunisms saw the housing market as a great opportunity for them to make a fortune and purchase plenty to for profit. The housing price

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