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5 Comments on Is Immigration the New Competitive Advantage?
"For the first time, the 2006 Census enumerated over 1 million people who reported belonging to a visible minority group in British Columbia." Source: Statistics Canada.
If you’re interested in reading more about this topic check out these links:
http://realestateevolved.com/2010/12/immigrant-friendly-bc/
http://www.portmoodyrealtor-johngrasty.com/employing-immigrants/
John,
The Toronto real estate market is largely driven by new immigration. I would expect the same conclusion here.
Brian
I was reading that our Canadian metropolitan areas in particular are all reliant on immigration. Of course Metro Toronto is the biggest and most populated area, and receives 39% of all immigrants to Canada.
Since south western Ontario is still heavily reliant on the manufacturing sector, while BC isn't, there will be some differences in the skill requirements.
Being so close to Asian Pacific markets here in Metro Vancouver we are already seeing the trends of our new consumers. Here's an interesting article: http://trendwatching.com/briefing/#madefor
Thanks Brian.
John, with our birthrate the way it is, we are not going to have much choice. Immigration will drive our economy. Japan is is a terrible quandry right now with their population starting to shrink and their culture is very homogenous and not accepting of immigrants. Their economy will shrink drastically in the next few years unless they change their mind set.
Thanks for your comment Malcolm.
Here's an interesting link from the NY Times: Defying Trend, Canada Lures More Migrants