Permanent Residents and Real Estate

open doors: We celebrate our diversity, according to Huffington Post Canada. We don't build walls -- we open doors. In 2014, Canada welcomed over 250,000 new permanent residents. Except, perhaps, in real estate. But what is this other than another sort of wall Teranet data shows that the average resale house price jumped 14.5 per cent and nine per cent annually in Vancouver and Toronto respectively in February. Surging house prices have led to a hunt for a culprit -- and for a large number of Canadians, foreign buyers are to blame, leading for calls to ban foreign ownership of Canadian homes. (www.immigrantscanada.com). As reported in the news.