The survey reveals that 38% of newcomers experience financial stress upon arriving in Canada due to language and cultural barriers along with limited savings. High living costs in urban areas exacerbate this issue further. Meanwhile the government’s immigration targets have been reduced from 500,000 to 365,000 for 2027 impacting job markets. The U.S. election has negatively impacted global markets with gold prices at a seven-week low and the USD climbing to its highest level in a year. Additionally mortgage strategies by Robert McLister highlight key trends and financing opportunities for Canadian residents. Follow us on social media for more insights and consider bookmarking our site for updates.
New Residents Experience Greater Financial Stress in Canada
