Canada Immigration Outlook

Immigration surge to bolster multifamily and retail performance. After a brief setback caused by the global health crisis, a brisk recovery in immigrant arrivals has lifted Canada’s population growth back above its long-term trend. As the federal government now plans to welcome 1.5 million new permanent residents into Canada by 2025, the country should continue to see high demand in its apartment rental market. This will likely translate into further investment opportunities in the multifamily sector. Additionally, these new settlers will also help solidify a larger consumer base, which will help retailers weather near-term economic headwinds and fuel further expansion.