AgentMarkets & Economy

Winnipeg struggles to satisfy immigrant housing demand

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

One of the most destructive and contentious issues in the United States over the past couple of years has been the question of immigration and how to limit or control it. To some, it's a mindset of "We're here, you're not, let's keep it that way." It's a weird argument considering immigration has been the backbone of growth for many North American cities from New York to Los Angeles and Toronto to Vancouver. The value of immigration and the effect on real estate can best be seen in one of the most unlikely of cities, Winnipeg, in the Canadian prairie province of Manitoba. Over the most recent decade, in Canada (as in the United States) immigrants tend to settle to the East, in Toronto, or in the West, in Vancouver. To overcome that imbalance, Canada created the Provincial Nomination Program (PNP), which allows provinces to nominate individuals who wish to immigrate to Canada and are interested in settling in a particular province. Manitoba was the first pr...