Population Numbers: Cent and Mortgages

population numbers: Among the 18-44 age category, the NPR share of mortgages issued in the Vancouver CMA rose to 4.7 per cent, according to Vancouver Courier. Both those figures were the highest of Canada's major CMAs. In the Vancouver Census Metropolitan Area CMA the share of mortgages being issued to NPRs was 3.9 per cent in 2016, up from 3.3 per cent in 2014, reported the agency. Although this is just a fraction of overall mortgages, the sharp rise of overseas nationals aged 18 to 44 is shifting the home-buying demographic in Canada, said the CMHC. Given NPR have represented a larger amount of this cohort, it can be said their effect on housing demand in these major cities is larger than their overall population numbers suggest. For single-family homes in the region, NPRs purchased houses valued at 16 per cent more than the overall average. The agency also found that homes purchased by NPRs tended to be more expensive, with NPRs buying Vancouver CMA condos at an average value of 20 per cent higher than the overall average. (www.immigrantscanada.com). As reported in the news.