Positive Effects Of Vaccine On Canadian Real Estate & Migrations SYED MAHMOOD NAQVI Vice President | MB Enterprises
The Real Estate sector in Canada has
the amount of immigration numbers
downs and sudden decline in many
been suffering immensely due to the
which is expected to rise to overcome
sectors as the real estate sector is
adverse effects of COVID-19 on the
the impacts of COVID-19. It is highly
concerned, it will definitely be boosted
prestigious & high profit giving sector.
expected that the number of cases will
with the introduction of the vaccine
However, it is much predicted that with
rise to at least 400,000 annually i.e. in
and an automatic increase in the
the introduction of the COVID-19
just a period of one year. These are
migration numbers. It will also boost
vaccine many things will gather
huge figures planned according to the
the rental market of the Canadian
themselves towards stability & back to
Canadian immigration services who
Real Estate as new buyers will act as
normal. Apart from the lifestyle of
think that this increase is a necessity
a catalyst to the current situation.
people living in Canada it has a lot to
to balance the number of migrants in
do with the real estate behaviors & the
Canada in next two to three years.
interest rates involved in Real Estate
COVID-19 has been a major cause of
POSITIVE IMPACTS OF MIGRATIONS TO CANADA:
Canada.
stop in the decline of migration
According to figures and statistics new
numbers that were reduced due to the
comers coming to Canada accounts
lockdowns and economy facing shut
for more than a fifth of the housing
The vaccine will help in an increase in
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MBE BUSINESS MAGAZINE JANUARY 2021
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