Express Entry update
3687 Invitations To Apply were issued in yesterday’s Express Entry draw, with the minimum Comprehensive Ranking System points standing at 415. As with the April 19th draw, this is the lowest number of points required by applicants since Express Entry started. So your chances of receiving an ITA are looking better than ever! And for the most part, applications are being processed within the promised 6 months.
If you’re still undecided about where to settle in Canada, it’s certainly worth considering the eastern provinces: New Brunswick, Nova Scotia, Newfoundland & Labrador, and PEI. With huge labour shortages looming there over the next decade, these provinces are now being much more proactive in their efforts to attract immigrants. This is reflected in the introduction of the Atlantic Immigration Pilot Program. And recently New Brunswick has been holding job fairs in the US, seeking to capitalise on the understandable uncertainty that many Americans are feeling right now.
Ontario house prices
For people choosing to move to Ontario, southern and southwest Ontario remain popular destinations. So it’s disappointing to see that the crazy Toronto house market is driving up prices in those areas. Places like Hamilton, Windsor, London, and the Waterloo-Kitchener area have seen house prices increase by between 20-30% within the last year. Even somewhat less built-up areas like Peterborough, Barrie, and the Niagara Region are seeing the same effect. The average house price in Canada is now almost $550,000, although if you take Toronto and Vancouver out of the equation, this would drop to around $390,000.
Hopefully the recent measures brought in to calm the Toronto market will have an impact. And it’s good to know that the new 15% “non-resident speculation tax” won’t affect new immigrants. Rebates will be available for temporary foreign workers, international students, and people who later become permanent residents or Canadian citizens.
Heading further west, Manitoba has announced a renewed commitment to its Provincial Nominee Program. After clearing a massive backlog, it’s now promising 6-month completions for new applications and additional pathways to permanent residency for international students. It predicts that immigrants will be needed to fill 25% of its likely 170,000 job openings between now and 2022. And with news that seniors now outnumber children in Canada, it’s a safe bet we’re going to see some serious competition between the provinces for skilled immigrants in the years ahead.
It’s finally here! After the long winter, we’ve reached the Victoria Day long weekend. This is the unofficial start of summer when Canadians open up their cottages, dust down classic cars, RVs, and boats, and barbecue/beer/deck time starts in earnest. I’m looking forward to getting our Corvette on the road and doing some hiking. I’m also finishing up a revised version of Moving To Canada. More details coming soon!