immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Mortgage Payments: Cent and West Asians

mortgage payments: Prior to the pandemic, Arabs and West Asians had the highest poverty rates while West Asians and Filipinos had the highest rates of job loss, according to 2016 census data, according to CTV. Southeast Asian and Korean groups both reported that 40 per cent have experienced a work disruption during COVID-19, followed by Black participants 38 per cent South Asian 37 per cent Latin American 34 per cent Arab 33 per cent and Chinese 31 per cent . Newsletter sign-up Get The COVID-19 Brief sent to your inbox The survey also asked participants about the impact of COVID-19 on their ability to meet financial obligations such as rent or mortgage payments, utilities and groceries. The survey released Monday found that 42 per cent of Filipino-Canadians and 47 per cent of West Asian-Canadians have experienced temporary or permanent job loss or reduced work hours amid the pandemic, compared to 34 per cent of white participants. Most visible minority groups surveyed reported a strong or moderate negative financial impact from COVID-19. The data was collected from more than 36,000 Canadians through an online crowdsourcing questionnaire between May 26 and June 8. The highest negative financial impacts were reported among Arabs, West Asians and Filipinos. (www.immigrantscanada.com). As reported in the news.