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For many newcomers buying your first home is a source of pride, satisfaction, and accomplishment! And, buying a home is an investment that grows over time and provides a great financial benefit. But before jumping in, consider these vital first-time home buyer tips!
Buying your first home is expensive and likely the biggest purchase you make in your lifetime. Buying a house in Canada may be different than in your home country from the process to the types of homes, styles, layouts, materials, and costs. Understanding first-time home buyer basics will help you make the right decision.
Take advantage of free tools and resources to research the housing market before you buy a home. Learn about housing price trends, affordability, and mortgage rates. Researching before you buy a home will help you make a confident decision.
You can use online mortgage calculators that give you approximate costs, and monthly mortgage payments.
You can talk to your lender about getting a pre-approved mortgage certificate.
There are many different real estate companies in Canada and agents to choose from.
A real estate lawyer will review your purchase agreement contract. The wording in these contracts is important and your lawyer will ensure everything is done properly in terms of the law.
Plan for your home closing costs or the costs associated with the date you take possession of your home.
Many newcomers arrive in Canada with savings to buy their first home. A 2019 survey conducted by Royal LePage revealed that newcomers represent a growing segment of the Canadian real estate market. Some of the findings showed that newcomers:
Join us for an insightful webinar designed to help you navigate the various routes to owning a home in Canada. Whether you’re looking to buy your first home through a traditional mortgage, exploring co-ownership opportunities, or interested in rent-to-own solutions, this webinar will provide the information and tools you need to make informed decisions.
REGISTER FOR THE WEBINARIt makes sense that newcomers are eager to enter the housing market in Canada. Indeed, owning your own home is exciting for many reasons. Homeownership can be a great investment and a way to build personal wealth. Young families may want more space with a backyard for children to play. Or, buying a home in Canada may be an important part of your immigration dream!
But rarely do people have enough money to buy a house outright. This is where lenders can help you by giving you a loan, also known as a mortgage. But, you will need enough savings to pay for a down payment before you can get approved for a mortgage.
Essentially, a down payment is a portion you put down towards the value of your home right up front. You subtract the down payment from the home purchase price and supplement the remaining cost with a mortgage. You may have to build your savings if you don’t have enough for a down payment.
In addition to saving money for a down payment, there are other costs to pay such as closing costs. It’s important to factor in the closing costs because they can be expensive and often take first-time homebuyers by surprise. So before you rush into buying a home, it’s important to understand all the costs involved for a first-time home buyer in Canada.
If you have recently arrived in Canada, you’ll discover many exciting things in the city you have landed in. You may love the city and want to make it your home. On the other hand, you may learn that it’s not quite what you had expected. Or, you may land a job in a different city and want to relocate to another region or city in Canada. When you first arrive in Canada, it’s best to continue renting until you’re certain where you want to live long-term. Resettling is expensive.
Renting a home versus buying a home makes sense if you:
A large advantage of buying a house is the sense of pride that comes from owning your home in Canada. In addition, you become a part of a community where you know your neighbours and gain a sense of belonging. And most importantly, you’ll gain financial benefits when you:
In general, it makes sense to buy a home if you plan to remain in the city for five years or more.
Before becoming a first-time homebuyer, you must prepare to meet new financial obligations. These are three important steps to take before you buy a home:
When buying a house as a newcomer, you must build your credit history in Canada. You can build credit by applying for a credit card or a small loan and making regular payments.
Most importantly, you need to save for your down payment. However, you can own your home in Canada with as little as just a five percent down payment and mortgage insurance.
Another important requirement for first-time home buyers is financial stability. You need financial discipline when you buy a home. For example, save money for an emergency fund for unexpected expenses such as a leaky roof, basement flooding, or a burst pipe. Any of these expenses could cost thousands of dollars.
The minimum down payment in Canada is the percentage of the home’s purchase price. And depending on the house price, the minimum down payment amounts vary.
For example, the minimum down payment is:
Until you have enough money for the down payment, continue to rent.
In addition to thinking about financial first steps, you’ll also need to consider other practical questions such as:
As a guideline, financial experts state that you should not pay more than 30% – 35% of your total household income for housing and home-ownership costs such as:
But, that’s a guideline. You may decide to budget more for housing or, cut back on other expenses such as entertainment or dining out.
A mortgage pre-approval means that a lender has stated that you qualify for a mortgage loan based on your current income and credit history. The pre-approval will indicate the:
The lender will assess your financial situation and determine how much they are willing to lend. This will give you confidence when choosing which homes to consider buying. It will also help when you make an offer on a property because the buyer knows you are serious and able to purchase.
When you’re ready to search for a home, you need to consider:
With answers to these questions, you can narrow your search to find the ideal home for your needs. You can also provide this information to your realtor who can help you find your ideal home in Canada. Realtors are trained and licensed to help you find and buy a resale property. You may choose an agent who has sold other properties in the areas that you are considering. Or, you may choose a realtor that a friend or family member recommends.
Talk to the realtor about the important things to you in a home, but keep a realistic approach. Many Canadians buy a starter home” and then work their way up the property ladder. Be ready to accept that your price range may not cover all the features you want in a house.
You do not pay for the services of a realtor. Realtors earn a commission on the home’s selling price. The home seller pays the commission, not the buyer.
Once you’ve found a property you want, you’ll want to make an offer. An offer represents your desire to purchase the property and the amount you’re willing to pay. Your real estate agent can advise on the price you should offer on a resale home based on your local market conditions and recent home sales in the neighbourhood.
After agreeing on a price, the seller will stop showing the property to other prospective buyers because the home is now ‘conditionally sold’ to you, and will begin to take the necessary steps to complete the transaction.
Similarly, you will also need to begin taking steps to fulfill your part of the purchase process, including any conditions you may have listed in your offer such as a home inspection or finalizing financing. These vary by location, and your realtor is a good person to ask about the next steps.
Typically, the offer-to-purchase agreement will include:
This is a detailed description of the residence’s address, including street name, house, lot, and block number. It will also often include a list of additional items included in the sale (appliances, garage door openers window coverings, etc).
Here a clearly-stated purchase price that both parties have deemed acceptable will appear. There will also be a description of the deposit amount here. A deposit demonstrates that you are serious about your offer, and will persuade the seller to not entertain any further offers. The Offer will also often contain the payment method (cheque, credit card, etc.), as well as mention who will hold the deposit.
This is when the property becomes yours and you can move in. By this time, any previous owner is expected to have removed all of their belongings and cleared any of the conditions you may have imposed.
Typically, the seller is responsible for the property until the closing date and guarantees that they have the legal right to sell the property. They also guarantee that all buildings and improvements do not encroach upon neighbouring lands.
This is where you place any changes or improvements to the property that the seller and buyer agree to.
This is where you’ll typically find a list of agreed-upon conditions of sale, the breach of which could result in a nullification of the purchase agreement. This could include a description of financing conditions, property inspection conditions, condominium documents conditions, and the sale of buyer’s home conditions.
In addition to your mortgage, there are several closing costs that you must pay before you can take possession of your house. To “take possession” means the home is now legally yours. First-time home buyers are very often surprised when they learn of these additional costs. Examples of closing costs that you can expect to pay include:
This is the cost for an appraiser to assess the property value. Your mortgage lender may require an appraisal to determine whether the selling price is reasonable for the market.
You must pay the Goods and Service Tax (or Harmonized Sales Tax) on a newly constructed or substantially renovated home. Resale homes do not require a GST payment.
This tax is charged to buyers in most provinces, usually based on the purchase price.
This includes fees charged by your lawyer for services such as conducting a title search, drafting a title deed, and preparing the mortgage, and registration fees. A guideline for costs is typically between 1.5% to 4% of the purchase price of the home.
High-ratio mortgages (those with less than 20% down payment) require mortgage default insurance. The cost is usually added to the mortgage it varies depending on the amount of your down payment.
Special insurance coverage to cover the cost of your mortgage in the event of death or severe illness is available from most lenders.
Hiring a home inspector is voluntary but recommended for resale homes, and usually, the cost ranges from $400-$600. With a home inspection, you may discover issues with the house that will cause you to back out of your offer. Or, the home issues may be manageable and you could ask for a lower purchase price to offset any repair expenses.
You may want to bring in an electrician, plumber, and perhaps a structural specialist to ensure you understand all the home systems. They can also provide cost estimates for repairs if needed. First-time home buyers may not factor in these additional costs.
When you buy a house, a home inspection is critical. Usually, an offer to buy a home is conditional upon an inspection. An inspection will assess the following areas:
Foundation: an inspector will check if there is a leak in a foundation wall and whether insulation is in place. If there’s an active leak, they will determine the condition behind the wall.
Plumbing: the inspector will determine if the drains are installed properly and not leaking.
Windows: the inspector will ensure window seals are not damaged. For example, if one of the windows gets fogged, that tells that the window has to be replaced. Next, the home inspector will look at the frame to see if any openings must be resealed; otherwise, you may get an air leakage.
Furnace: the home inspector will check the quality of the filter and whether it is installed properly. They will check the quality and age of the furnace and whether it’s leaking any water inside or gas, which could be critical.
Mold: an inspector will also look for mold (or termites) in the house because it can result in significant costs to repair later.
When buying a house in Canada consider these vital first-time home buyer tips. Learn the essentials and become informed about everything that’s involved. Homeownership provides great pride, security, and achievement. The more informed you are, the more confident you’ll be about your home purchase decisions!
With Valentine’s Day on February 14th, we turn our heads to the usual gifts like flowers, chocolate, jewellry, and pricey restaurant dinners. But, have you thought about the gift of financial well-being and the freedom that comes with it? As a newcomer couple to Canada, wisely managing your finances together can be the greatest Valentine’s Day gift! Discover how these Valentine’s Day ideas can grow your money.
Knowing each other’s views about money and spending is vital to building a bright financial future. As a newcomer couple, discussing your joint finances and views on money is important. An open discussion about saving and spending money will ensure you focus on joint financial goals and priorities. Investing in each other, beyond traditional Valentine’s Day gifts, can strengthen your bond.
Celebrating your love on Valentine’s Day is a great reason to spend your cash, but stick to your budget. Avoid the pressure to overspend.
Before you start shopping, set your Valentine’s Day budget and add the cost of travel, gifts, decorations, and other expenses. Avoiding the trap of overspending on impulse purchases.
If your partner is open, dine at a restaurant a few days before or after Valentine’s Day. Some restaurants and florists boost prices to take advantage of Valentine’s Day demand.
You can stay within your Valentine’s Day budget using credit card rewards or cash-back offers. This can save you money if you redeem your points for travel, merchandise, gift cards, or other offers. But, avoid the lure of spending beyond your Valentine’s Day budget to earn rewards or points.
Some cards offer higher earnings for groceries, dining, or travel. You may get valuable sign-up bonuses when you meet initial spending thresholds.
Reward credit cards are a great way to earn points or cash back on everyday purchases. However, many cards charge annual fees that can be expensive. Without careful planning, even Valentine’s Day gifts could lead to higher annual percentage rates (APRs) making them less attractive if you carry a balance.
When deciding which rewards card is for you, consider how much you spend, what rewards you prefer, and annual fees.
While discussing your joint finances may not sound romantic, it goes a long way in reducing conflict. Financial stress is a leading factor contributing to divorce and separation in Canada. However, you’ll build a strong foundation when you discuss money and how to merge it. Make money talk a regular part of your relationship.
Consider building a framework to discuss money monthly or quarterly to review your goals, saving strategies, and progress. Or, explore budget planners to create a custom budget.
Discussing your short-term financial goals may include tackling credit card debt before setting aside savings. Valentine’s Day is one of the biggest commercial holidays in Canada. And, if your loved one’s favourite gift is more expensive this year, it’s easy to overspend using your credit card. But, focusing on your short-term savings goals may be smarter.
You may want to open a joint savings account for special events like Valentine’s Day, anniversaries, birthdays, and trips. Small contributions add up over time.
A solid savings plan can help you achieve your financial goals faster, whether saving for a wedding, your first home, or your child’s education. A thoughtful Valentine’s Day gift idea may be a special homecooked meal and movie night without racking up your credit card bill.
Join us for an insightful webinar designed to help you navigate the various routes to owning a home in Canada. Whether you’re looking to buy your first home through a traditional mortgage, exploring co-ownership opportunities, or interested in rent-to-own solutions, this webinar will provide the information and tools you need to make informed decisions.
REGISTER FOR THE WEBINARSaving money for an emergency fund to cover unexpected expenses or situations, like an urgent car repair or job loss is smart. An emergency fund to cover three to six months of household expenses can provide the safety net and peace of mind you need.
As a couple, a joint emergency fund can give each one access to cash. Using a high-yield savings account offers higher interest rates than traditional savings accounts. Your joint fund should be easy to access, but it’s best to use it for real emergencies.
Before you use your fund, assess if it’s an emergency. Perhaps the expense is something you can put aside and save for in the future.
It can take months or years to reach your desired emergency fund goal. But, contributing a small amount regularly will make a big difference. Or, skip the expensive Valentine’s Day dinner and roses and deposit the money you save into your joint emergency fund!
Make each day Valentine’s Day by saying “I love you”. No amount of heart-shaped boxes of chocolates or roses will match that! Or, if you have crafting skills, you can make a gift for your loved one! Do-it-yourself (DIY) Valentine’s Day gifts are a great idea!
You can make just about anything when it comes to DIY gifts. Be creative with your Valentine’s Day ideas. Think about what your loved one will appreciate. A DIY gift is more personal and romantic than a store-bought gift. What’s even better? DIY Valentine’s gifts are easier on your wallet.
For the hopeless romantics, consider compiling a photo book from your favourite memories. You can write romantic captions or add quotes from poems or books.
However you celebrate the day, thinking of long-term financial goals and staying within your budget, can be the greatest Valentine’s Day gift idea!
Dreaming of continuing your career in Canada is exciting! But, searching for a job in a new country is challenging, especially for newcomers who can face hurdles. The best advice is to take advantage of free, government-funded programs pre-arrival employment services. You’ll avoid the stress of navigating your job search and get the guidance you need to work in Canada.
A successful job search takes hard work, patience, and perseverance. For newcomers looking to join Canada’s workforce, preparing to work in Canada and planning your job search approach is vital. Discover how pre-arrival employment services can help you gain a competitive advantage to continue your career in Canada!
If you are already in Canada, click here to find free newcomer services near you!
There is much to know and do to set yourself up for success when you move to Canada. Deciding where to live, how to join the job market, or how to adapt to life in Canada is overwhelming. But, the faster you do, the sooner you’ll be successful in Canada!
Pre-arrival employment services can reduce the time to research what you require to work in Canada. What could take months to research, can be a matter of hours when you use pre-arrival services. You’ll orient yourself faster with pre-arrival employment services to help you:
Immigration, Refugees and Citizenship Canada (IRCC) surveyed newcomers for this 2023 Settlement Outcomes Report. The report revealed that 68% of newcomer survey respondents were aware of settlement services. Of those, 95% said the services were useful. Using settlement services will help you achieve your employment goals.
Newcomers who use pre-arrival services report a greater understanding of how to conduct a successful job search. This includes identifying how to deal with job search challenges they may face.
Yes, many pre-arrival employment services are funded by IRCC. Providing free pre- and post-arrival support is the best and fastest way to welcome, embrace, and support newcomers who choose to build a new life in Canada. With faster integration, you’ll contribute to Canada’s economy and achieve your professional goals more quickly.
You’re eligible for free IRCC pre-arrival employment services if you:
Unfortunately, pre-arrival services are unavailable to temporary residents who plan to visit, study, or work in Canada on a visa or permit.
Are you moving to Canada soon or already here? Do you need to find a job? Would you like to find good resources for finding employment in Canada? If so, join us for a free webinar where you can ask an expert your questions. We’ll discuss what you can do to make yourself more marketable to potential employers.
REGISTER FOR THE WEBINARMany organizations in Canada provide free pre-arrival employment services to help newcomers prepare to work in Canada. You can get career guidance and direction no matter what province or city you settle in. With guidance, you’ll have the confidence you need for an effective job search. But, where do you start?
This is the best place to begin your search for employment services. With one simple registration, PreArrivalCanada.ca gives you access to a wide range of settlement and employment programs you may be eligible for if you have been approved to immigrate to Canada. Only three simple steps:
One: Find out if you are eligible for free pre-arrival services by answering a few questions.
Two: Explore a list of nationwide settlement, employment, and industry-specific employment programs.
Three: Complete the registration form and receive pre-arrival employment services from the programs that you select.
While PreArrivalCanada is your best starting place, here are other organizations and employment services to consider!
The construction industry is predicting an 80,000 shortfall in workforce numbers over the next decade due to retirements and industry growth. So, it’s fair to say Canada’s construction industry is actively hiring.
If you have construction experience, BCCA-IN can help you build your Canadian construction career faster. You’ll receive one-on-one coaching from a dedicated career coach if you are eligible for this free construction-focused employment services program.
BCCA-IN can help you if you’re a technical professional such as a tradesperson, engineer (in any discipline), architect, technician, technologist, project manager, estimator, or analyst. With a BCCA-IN career coach, they can:
Many professions and trades within the construction industry are regulated. When you work with a dedicated career coach, they can steer you in the right direction and help you understand how to obtain the required licenses.
While you’re still in your home country, you’ll learn to access the right tools, resources, job leads, and referrals to build your career faster. With connections to settlement services, construction associations, and employers across Canada, you’ll receive support no matter where you settle.
Here’s an overview of three of the employment programs:
This program provides virtual pre-arrival services to help internationally trained professionals prepare to join the Canadian job market. With a focus on in-demand jobs, you’ll discover the skills you need to land roles across six Canadian sectors, including Engineering, Financial Services, Human Resources, Leadership, Sales and Marketing, and Supply Chain.
Do you want to settle in a smaller urban or rural community in Canada? This can be a great alternative to settling in large cities like Toronto and Vancouver. While most immigrants are familiar with these cities, they are expensive. With the Connecting Canada Program, pre-arrival immigrants can learn about different communities to settle in and engage with local employers eager to hire immigrant talent.
Are you an entrepreneur? Or do you want to explore how entrepreneurship can provide you with exciting opportunities?
Small businesses in Canada generate more than 100,000 jobs a year! If you want to pursue your entrepreneurial dream, ACCES Employment can equip you with the skills and knowledge to make your dream a reality. You’ll gain access to coaches and consultants who can share their experience and advice.
The ECP program provides entrepreneurship training, support, and resources to start your business. When you participate in the ECP program, you can make an informed decision about starting a business in Canada.
With Planning for Canada employment services, you’ll discover how to boost your employability. You’ll receive one-on-one support from a facilitator who can prepare you for professional success. This organization can help you update your resume to meet Canadian standards and learn new skills, including industry-specific language, or Canadian workplace etiquette.
While you can find a job in Canada with your existing foreign credentials and work experience, you may need your credentials assessed before you apply for jobs. This makes it easier and faster to get a job when you arrive. Planning for Canada employment services provides the information, resources, and contacts to guide you through the credential recognition process.
When you participate in the AEIP, you’ll benefit by getting a custom settlement plan that includes how to approach your job search in Canada. Employ counsellors will determine your unique needs, and you’ll learn about Canada’s labour market and effective job search strategies. You’ll discover local employers, services, and how to present yourself confidently to employers.
Using free pre-arrival employment services can help you join Canada’s workforce and continue your career. You’ll discover a positive and rewarding experience to achieve your important goals and dreams!
Whether you are moving to Canada by yourself or with family members, there is much to know and do to set yourself up for success. From deciding what province and city to settle in, to preparing for the job market, to getting familiar with a new city. It can take some time before you are comfortable with your new environment. Taking advantage of services can help you adapt faster. Here are some examples of pre-arrival employment services and the benefits you’ll gain!
A mentor can help you navigate the Canadian job market. A mentor will share their job-search experiences, point out common mistakes, and help you avoid making the same mistakes. This can save you valuable time, build confidence, and prepare you to succeed in job interviews.
When you take advantage of pre-arrival employment services, you can:
Networking and building relationships with people in your field can help you find a job faster. Networking can help you discover Canada’s “hidden job market”. These jobs are not broadly advertised, resulting in less competition. However, you have to access the professional network. Pre-arrival employment services can help you build the right relationships and connections to find a job faster.
It’s smart to file an income tax return in Canada if you arrived in 2024. If you became a permanent resident and lived in Canada, even for a short period, filing your first income tax return with the Canada Revenue Agency (CRA) can provide financial benefits. If you didn’t earn income in Canada in 2024, filing a return allows you to apply for important benefits like the Goods and Services Tax (GST) Credit, and Harmonized Sales Tax (HST) Credit, or Canada Child Benefit (CCB) you may be eligible for without you filing a tax return. In other words, you will have to file an income tax return if you:
While filing taxes in Canada for the first time may seem overwhelming, there are resources to help you (see the section below: Government of Canada Income Tax Resources). Many settlement agencies can help you complete your taxes for the first time. This is just one of many important services that settlement agencies provide.
As we approach the “tax season” in Canada and the deadline to file your income tax return, this information will help you get started.
Navigating the Canadian tax system will make your life here much easier. If you’re already employed, you know that a good portion of your earnings goes to taxes, maybe more than what you were used to in your native country.
The taxes you pay come back to you through helpful public services and many gratuities making Canada one of the most sought-after destinations for immigrants. In addition, you can recover part of your taxes and access tax credits when you file an income tax return each year.
Tax credits are sums that are deducted from the total taxes you owe. You may be eligible for one or more tax credits. When you claim deductions, you may receive a larger refund or reduce the taxes that you owe. Here are some tax credits and deductions that you may be eligible for:
When you claim certain tax credits, you must support your claim with receipts.
When you file your income tax return, you can apply for benefits. These benefits are payments for specific expenses that can help make living in Canada more affordable. Some examples of benefits include:
Here are some benefits you may be eligible for:
| BENEFIT | MARRIED OR COMMON-LAW WITH CHILDREN | MARRIED OR COMMON-LAW WITH NO CHILDREN | SINGLE WITH CHILDREN | SINGLE AND 19 OR OLDER WITH NO CHILDREN |
|---|---|---|---|---|
| Canada Child Benefit | Yes | No | Yes | No |
| GST/HST Benefit | Yes | Yes | Yes | Yes |
| Provincial & Territorial Benefits & Credits | Yes | Yes | Yes | Yes |
Buying a home in Canada is a common goal for many newcomers. However, saving money for a down payment is challenging given the rising housing costs. A First Home Savings Account is a registered plan that helps you save to buy your first home. The FHSA allows your contributions to grow tax-free and helps you prepare to buy your first home.
Your FHSA contributions are tax deductible. And the contributions are non-taxable as long as you withdraw the money to buy your first home.
The TFSA allows first-time homebuyers to save up to $8,000 per year with a lifetime limit of $40,000.
If you opened a TFSA in 2024, you can claim up to $8,000 in contributions made by December 31, as a deduction on your 2024 income tax and benefit return.
Join us for an eye-opening session on how to build your financial future in Canada with confidence. This free webinar is hosted in partnership with Scotiabank, a trusted leader in newcomer banking. Together, we’ll guide you through how the Canadian banking system works and share free tools and strategies to help you plan, save, and invest wisely as a newcomer.
REGISTER FOR THE WEBINAR
The deadline to file your 2024 income tax return in Canada is on or before Wednesday, April 30, 2025. If you owe taxes, you must pay the full amount on or before April 30, 2025. If you are self-employed, the deadline to file your income tax return is June 15, 2025. But if you owe taxes, you still have to pay by April 30, 2025.
If you owe money and do not pay by April 30, you will have to pay daily interest on the amount you owe. Penalties and interest can add up so it’s best to pay the full amount to avoid paying late fees.
Income tax and benefit amounts will change to offset some of the rising living costs. These changes put additional money in your pocket. Some of the important tax changes for 2025 include:
| FEDERAL TAX RATE FOR 2025 | TAXABLE INCOME THRESHOLD |
|---|---|
| 15% on the portion of taxable income that is: | Less than $57,375 or less, plus |
| 20.5% on the portion of taxable income that is: | Over $55,375 up to $114,750 plus |
| 26% on the portion of taxable income that is: | Over $114,750 up to $177,882 plus |
| 29% on the portion of taxable income that is: | Over $177,882 up to $253,414 plus |
| 33% on the portion taxable income that is: | Over $253,414 |
You can file your income tax return for 2024 online in two ways:
| EFILE | NETFILE |
|---|---|
| – EFILE is a secure CRA service that lets authorized service providers complete and file your return electronically. | – This electronic tax-filing service lets you do your personal income tax and benefit return online using certified tax preparation software and submit it directly to the CRA. |
You can also complete your income tax and benefit return by paper. Click here to get a 2024 T1 (personal) income tax package. Be sure to order the package for the province that you reside because the tax system can vary by province.
Here are some free tax software products that you can use. These are great if you have a simple tax return to file:
| Wealthsimple Tax | TurboTax | CloudTax |
|---|---|---|
| – Free autofill tax software allows you to complete a simple tax return – Provides a helpful guide to claiming deductions – Offers paid plans for different tax needs. | – Offers free & paid tax returns – Free tax return service applies to simple tax returns but does not include income, credits, and deductions such as: – Employment expenses (meals, lodging, etc) – Donations -Medical expenses – Investment income and expenses – Rental property income and expenses – Self-employed income and expenses. | – Free and paid services – Offers free ‘how-to’ videos and a step-by-step guided application. |
You may be eligible to use the Community Volunteer Income Tax Program if you have a modest income and a simple tax situation.
Unfortunately, scammers try to get Canadians to pay debts they do not owe. And tax season is a prime time for scammers. Newcomers can be vulnerable to these scams, especially when it comes to receiving a call or letter from a government agency demanding money for payment. However, you can protect yourself if you know when and how the CRA may contact you.
Click here to learn about scam protection and the CRA to protect yourself from fraud. This information will help you to respond if you get an email, phone call, letter, or text from the CRA that seems suspicious.
| RESOURCES | DESCRIPTION |
|---|---|
| Newcomer Factsheet | Did you leave another country to settle in Canada in 2024? This information will help you understand the Canadian tax system and what you require to complete your first income tax and benefit return as a resident of Canada. |
| Benefits and Credits for Newcomers | Discover what benefits and credits you may be eligible for even if you just arrived and have no income. |
| Get Ready to Do Your Taxes | Get a quick overview of the documents you need to file your income tax return. |
| Common Tax Terms | Glossary of terms to learn about your taxes. |
Canada Revenue Agency provides online learning resources to help you learn about personal income taxes in Canada. The Learn about your taxes course consists of seven online learning modules:
In summary, if you arrived in 2024 and lived in Canada even for a short period, it’s smart to file your first income tax return. And with the deadline approaching on April 30, 2025, there is still time to file your income tax return. This will allow you to claim deductions and apply for future tax benefits that will put money in your pocket!
Statutory holidays in Canada give people an extra paid day off from work. These public holidays also known as “stat holidays” give people time to rest, spend time with family, and provide an extra long weekend in Canada! Knowing the holiday calendar allows newcomers to plan for exciting activities and events! Discover national and provincial holidays to celebrate in 2025!
Canadians observe many national, religious, and cultural holidays. Some are national holidays, and some are specific to certain provinces. Most employees receive a day off from work on a ‘stat holiday’ and still receive their regular pay. During stat holidays government institutions, banks, and stores close. There is also no mail service.
In most provinces, when a statutory holiday falls on a Saturday or Sunday, the vacation day will fall on the following workday. This allows people to plan for a long weekend!
| STATUTORY HOLIDAY | DATE |
|---|---|
| New Year’s Day: Celebrates the first day of the calendar year | January 1 |
| Good Friday: Commemorate the crucifixion of Jesus | April 18 (Occurs on the Friday before Easter and usually falls between March 23 and April 26) |
| Canada Day: Celebrates the day Canada formed as a country in 1867 and its birthday | July 1 |
| Labour Day: Recognizes the economic and social gains of workers | September 1 (Occurs on the first Monday in September) |
| Christmas Day: Celebrates the birth of Jesus | December 25 |
In addition to the national holidays, there are other provincial statutory holidays. Most provinces recognize these holidays, but not all.
| PROVINCIAL STATUTORY HOLIDAYS | DATE |
|---|---|
| Family Day: Promotes spending time with family Observed in: Alberta, British Columbia, New Brunswick, Ontario, Saskatchewan This holiday is called: Louis Riel Day in Manitoba Islander Day in Prince Edward Island Heritage Day in Nova Scotia | February 17 (Occurs on the third Monday in February) |
| Easter Monday: Celebrates the resurrection of Jesus Provinces that observe this holiday: Alberta, New Brunswick, Quebec, Yukon, Northwest Territories and Nunavut | April 21 (Occurs on the Monday after Easter and Usually falls between March 23 and April 26) |
| Victoria Day: Celebrates the birthday of Queen Victoria Nova Scotia is the only province that does not observe this holiday | May 19 |
| Civic Monday: Celebrates local culture, history and achievement | August 4 (Occurs on the first Monday in August) |
| National Day for Truth and Reconciliation: Honours the survivors of Canada’s residential school system (holiday is observed in British Columbia, Prince Edward Island, New Brunswick, the Northwest Territories, the Yukon, and Nunavut). | September 30 |
| Thanksgiving | October 13 (Occurs on the second Monday in October) |
| Remembrance Day: Honours veterans who served during World War I and II | November 11 |
| Boxing Day: This is a holiday unique to Canada. Some refer to it as the second day of Christmas or St. Stephen’s Day | December 26 |
Statutory holidays such as Family Day, Victoria Day, Canada Day, and Thanksgiving mean long weekends when people plan special activities. For Family Day in February, many people plan weekend getaways to ski resorts or enjoy other outdoor activities such as skating or tobogganing. Family Day is a great time to attend a winter festival in Canada.
Victoria Day, honours Queen Victoria, and Canadians celebrate this holiday in May. This statutory holiday hints at the unofficial arrival of summer in Canada. The official start of summer is June 21. People look forward to barbeques, watching fireworks displays, or heading to a cottage or campground during this long weekend in Canada.
Canadians celebrate Canada Day on July 1. So this statutory holiday can fall on any day of the week. For example, if July 1 falls on a Saturday or Sunday, people will take the proceeding Friday or the following Monday as the holiday. Or, if July 1 falls on a Thursday, many people will take another vacation day on Friday to enjoy a four-day long weekend! Canadians look forward to big parties, parades, concerts, fireworks, and more across Canada!
Labour Day is another long weekend in Canada. This holiday is bittersweet for Canadians. It marks the unofficial end of summer and the return to school for kids. During this “stat” holiday in Canada, people will take in fall festivals, cycle or hike along nature trails, or sneak in one last visit to the beach!
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Saint Patrick’s Day: When Canada Goes Green
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Statutory holidays in Canada are a great time to plan for exciting activities and events in Canada. With many national and provincial holidays throughout the year, you can take advantage of long weekends and paid days off work!
Finding the perfect student accommodation is a vital part of the university experience. But it can be overwhelming to know where to start. This overview will help you understand student housing options and what to consider before you arrive in Canada. From setting your budget to choosing the right location, these smart tips will help you discover the right housing.
Whether you’re looking for a dorm room, shared apartment, or private rental, our guide gives you information and resources to help you choose. We also highlight factors such as safety, amenities, and proximity to campus.
Finding affordable student accommodation can be a challenge but these smart tips can help:
Searching for student housing takes time, especially if you want to find the perfect spot. It’s best to search for housing about two months in advance to browse the market and sign a lease.
ental sites post new rental listings daily. You can start your search for off-campus student accommodation at Rentals for Newcomers (a Prepare for Canada resource).
Discover how to find shared accommodation with Sparrow and manage your student accommodation costs.
You may find it difficult to find exactly what you want at a price that fits your budget. A good way to move forward is to list things you’re willing to compromise on.
You may find budget-friendly student housing in neighbourhoods close to colleges and universities. Search for rentals that offer incentives, discounts, and gift cards for students. Engage with the school’s off-campus housing office for recommendations on landlords.
When searching for housing, provide details about your student status, finances, and rental needs. This can help overcome challenges like a lack of credit history.
Choosing the right student accommodation is more than finding a place to live. It is about creating a safe and comfortable environment that will allow you to thrive. Your student accommodation will be your home for the next few years, so choose a place that meets all your needs.
International students can find it challenging when it comes to searching for off-campus housing. Discover how to overcome common obstacles and find housing accommodation options for your unique needs.
REGISTER FOR THE WEBINARHousing suitable for studying can make a huge difference in your grades. A comfortable space can help you focus on your studies. Living close to campus and social amenities can make it easy to join extracurricular activities and make new friends.
Choosing the right housing can be daunting, but it doesn’t have to be. Consider these factors when choosing student accommodation:
The first step to help you find suitable student accommodation is to consider your monthly budget. Once you know how much you can afford, you can start searching. Consider your living expenses, including rent, utilities, groceries, entertainment, and transit. Remember to budget for all costs to manage financial stress and focus on your studies.
If you plan to work part-time in Canada, you can earn extra income to cover your housing costs. International students can work up to 24 hours without a work permit if:
| Is the Cost of Student Accommodation Important to You? |
|---|
| ✓ Yes, I need the cheapest accommodation I can find |
| ✓ No, I can afford a more expensive place |
| ✓ I have some extra money, but I have to be careful |
| ✓ I’d rather pay a bit more for a nice place to live |
Consider how important the cost of student accommodation is to you.
Student housing costs depend on the city, neighbourhood, type of housing, on-campus versus off-campus housing, etc. Sharing accommodation is likely the most affordable option. Generally, you can expect to rent a room for $500 – $1,000 monthly if you share accommodation. However, if you attend school in a large city such as Toronto or Vancouver, you can expect to pay more. Student housing in smaller cities or suburbs around major cities like Toronto is often more affordable.
Consider your location when choosing student accommodation. Living near campus can be convenient, especially with early classes.
The travel distance to school may be a deciding factor. Or, you may want lower-cost student housing that is further from school. Take advantage of public transit and look for housing near transit hubs to save costs. Check local public transit schedules and routes to ensure travel time and costs are reasonable.
Living in a safe neighbourhood is vital for your well-being. Consider how close the location of your student housing is to transit, social amenities, grocery stores, and healthcare facilities.
| Is Being Near Campus a Deal Breaker for You? |
|---|
| ✓ Yes, I prefer to live on campus so I don’t have to wake up too early for classes |
| ✓ No, I want to get off campus when I’m not studying |
| ✓ Definitely, it might be unsafe to live off-campus |
| ✓ I want to live where other students live |
Consider how important location is to you.
Different types of student accommodation are available, including dormitories (dorms), shared apartments, and private rentals. Each option has its advantages and disadvantages. Consider your lifestyle and preferences when choosing the accommodation that suits you best.
Here are some common student housing options in Canada:
Living on-campus in a dorm can provide private or shared rooms.
| PROS | CONS |
|---|---|
| Affordable | Limited privacy |
| Convenient location | Noisy and disruptive living environment |
| Access to campus amenities (library, fitness centre, etc.) | Restrictive rules and regulations |
| More opportunities to participate in campus life | Limited space |
Private rentals are another option for students that can offer more privacy and independence. They are also more flexible with fewer rules and regulations than living in a dorm.
Apartments are often the first choice when it comes to private rentals. However, you can explore other types of housing such as homes, townhouses, and basement apartments.
You can search for rentals in student-friendly neighbourhoods close to colleges and universities. Look for rental listings that indicate proximity to campus and nearby budget-friendly restaurants, cafes, and shopping options.
| PROS | CONS |
|---|---|
| More privacy and independence | Expensive |
| More space | Additional expenses for furniture |
| Greater control over your living environment | Limited access to campus amenities |
A homestay allows international students to live with local families. Homestay hosts can include couples, families, retirees, and individuals. While there are different homestay options, you can expect a private bedroom with room for your clothing, a quiet place to study, internet, laundry facilities, and meals.
Hosts provide safe accommodation and introduce their guests to life and culture in Canada. Universities can pair students with local homestay hosts.
| PROS | CONS |
|---|---|
| Can be part of a family unit | Can be expensive |
| A supportive environment with home-cooked meals | Won’t be living on campus |
| Can immerse yourself in local culture | Must respect host family rules (cleanliness, guests, etc.) |
Sharing off-campus housing is a popular option for students. It allows you to live independently while having the support of roommates. Sharing accommodation can also create close relationships and foster a sense of community.
However, sharing a living space can be a challenge when you have to deal with conflict. Assess potential housemates to ensure they match your personality, study habits, and lifestyle.
| Do You Want to Live with Other Students? |
|---|
| ✓ For sure, I can’t wait for group movie nights and parties! |
| ✓ Having housemates is cool, but I want my own room |
| ✓ Absolutely not, I need my own space |
Assess if sharing accommodation is right for you!
Ask the right questions when viewing a student apartment to ensure it meets your needs:
And, check that all the appliances work. You don’t want to discover they don’t work after you move in.
Finding student accommodation that meets your needs is vital to your grades, social life, and well-being. So, consider what the right environment is for your success. From your budget to the location and type of student accommodation you select, making the right decision will enhance your university experience in Canada.
Wearing the right clothing during the winter season in Canada will ensure you stay toasty warm so you can enjoy amazing outdoor activities. The winter season starts in December, but Canadians start dressing for winter in November when the temperature drops. For newcomers, getting winter-ready and buying good winter clothing basics is key to enjoying the winter season. The basic clothing items include a winter jacket, boots, scarves & gloves, and a warm hat (or “toque”).
Canada’s weather conditions can be extreme and they vary across the country. For example, the average daily temperature in Alberta, Saskatchewan, and Manitoba can range between -15 degrees and as low as -40 degrees Celsius.
British Columbia enjoys a warmer and milder winter and the temperature rarely drops below freezing.
In central Canada (Ontario and Quebec), the average temperature ranges from -2 to -22 degrees Celsius. Northern Ontario and Quebec are much colder than southern Ontario.
In the Atlantic provinces (Nova Scotia, Prince Edward Island, New Brunwick, and Newfoundland) the average temperatures range from -2 to -20 degrees C.
Add the wind chill index, and the temperature can feel even lower. The temperature may be -10 degrees C, but with a wind chill, it may feel like -20 degrees C.
When shopping for a winter jacket, make sure It is warm, waterproof, and durable. It’s best to wait until you arrive in Canada to buy a winter jacket so that you buy one that is most suitable for the winter season in Canada. When buying a winter jacket make sure it is well insulated, covers your neck, and has a hood.
You can select from down jackets, synthetic jackets, and activewear jackets Each type of jacket offers different levels of protection for the winter season in Canada and the activity you plan to wear it for.
Down puff jackets are great insulators, lightweight, and trap and hold heat. The more down, the higher the cost of the coat. Typically, a 500 to 800-fill power is suitably warm and affordable. Synthetic insulation is heavier than down, but it is still warm, even when wet. It’s also a more affordable winter jacket option.
Winter jackets in Canada are specifically designed for temperatures below 0 degrees. When selecting a winter jacket, consider the activities you will wear it for. For example, a heavy-duty winter jacket is ideal for places with frigid temperatures, especially if you plan to be outdoors for any length of time. However, on Canada’s west coast, where the winter is not as cold, as it is wet, you may want a winter coat geared more to water protection. Weather and precipitation are important factors to consider when you purchase your winter jacket.
If you are unsure if a winter jacket will be warm enough for cold temperatures, windchills, or precipitation, ask the store clerk what jacket will best suit your needs. They know what clothing is required for Canadian winters and can offer you options.
Premium winter jacket brands such as Canada Goose are very expensive. However, a lower cost jacket can offer warmth and protect you from the elements just as well. Keep an eye out for cost savings and discounts, and check online for deals before you buy in-store to get the best possible price.
Choosing good-quality winter boots will save money in the long run. You can buy cheap winter boots but, they likely won’t last more than one winter season. When it comes to winter boots, you really do get what you pay for.
Wearing sneakers or dress shoes in snow or ice is cold and unsafe. Even though there may be salt on the sidewalk after a snowfall to melt the ice, you need proper winter boots to prevent falls and injuries.
Winter boots do more than provide grip between your feet and the icy and snowy ground. You lose heat through your feet because the ground is cold. Specially designed winter boots have a thick lining that locks the heat in, while still allowing your feet to breathe.
A nice pair of thick merino wool socks is also a good way to stay warm in the winter season in Canada. Cotton socks are not as warm and don’t dry out quickly or keep moisture away when wet, making you cold and uncomfortable.
Arriving with an action plan for your first weeks in Canada can save you time and money. The quicker you settle into your new environment the faster you’ll feel at home! In this webinar, Your First Weeks in Canada, we discuss the important things to do to manage your first weeks efficiently.
REGISTER FOR THE WEBINARWhile quality winter boots can be expensive, investing in a good pair to last more than one winter season is worth the money. Consider these factors when choosing winter boots:
You can get by with casual winter boots for a short walk or commute to work. But, for outdoor winter hiking, and cold, snowy weather, you’ll need boots with greater insulation and traction.
As a newcomer, you may not have access to a car and may rely on public transit during your first winter season in Canada. So, you’ll need warm winter boots and clothing while you wait at the bus stop in cold weather.
Winter boots come with insulation weights that range from 100 – 600 grams to keep your feet warm.
| INSULATION WEIGHT | TEMPERATURE RATING | BEST FOR |
|---|---|---|
| 100g | -20C | mild winter conditions |
| 200g | -32C | cold-weather hiking |
| 400g | -40C | all-day winter activities |
| 600g | -48C | extremely cold conditions |
You’ll be walking in snow and slush so water protection keeps your feet dry and warm. Look for sealed seams to ensure that water can’t get in. Gore-Tex boots are a top choice because they are waterproof and breathable.
Traction is a top priority to prevent dangerous slips and falls on ice.
Warm gloves are essential winter clothing for a cold day in Canada. With temperatures dropping lower than -20 degrees, you need gloves that can protect you from the cold.
A scarf or muffler will keep your neck warm. And, these two small additions to your winter clothing in Canada make a huge difference in your outdoor comfort.
So you have your winter jacket, boots, scarves, and gloves, and now you need to keep your head warm. A toque is a close-fitting knitted hat that covers your ears and protects your head from the wind and cold.
Canadians call it a toque, although it goes by many names. You can buy a toque from the same store where you buy your winter jacket. Winter hats come in all shapes, sizes, and colours.
The fact is, people don’t hibernate during the winter season in Canada. People go outdoors to experience winter festivals and embrace sports like hockey, ice skating, skiing, and snowboarding. Even a ten-minute walk in the sunlight can release and combat the winter stress and help your mental health after immigrating to Canada. And, with the right clothing, you’ll be toasty warm and enjoying your first winter season in Canada!
There are many types of housing, from rental apartments to condos to detached homes. Each offers unique features that appeal to people at different stages of life. However, with a range of housing options, you can select the type that best meets your needs, budget, location, and personal preferences while adapting to life in Canada.
Before beginning your search for rental housing in Canada, knowing the different types of houses to rent or buy is helpful. Deciding which type of home is right for you can be difficult. For example, a rental apartment is ideal if you are just settling in Canada.
A condominium is ideal for people who have a busy lifestyle and want to avoid the costly property maintenance of a home. Or, if you have a young family, you may prefer a house with a backyard for your children. Renting any of these homes in Canada rather than committing to homeownership can give you greater flexibility.
You can find various types of apartments in larger buildings or complexes. Apartments typically offer a kitchen, bathroom, and living space. However, you can also find studio apartments with a combined living and sleeping area.
Studio apartments appeal to single people who don’t require a great deal of space and want to save on accommodation costs. Renters can also find one- or two-bedroom apartments that offer more space. Renting an apartment offers greater flexibility, which is important for newcomers. It’s easier to break a lease if you need to move to a new neighbourhood or city.
Renting an apartment is attractive to newcomers when first arriving in Canada. It’s more affordable than buying a home and offers more flexibility than homeownership.
Apartments seem similar to condos, but there are key differences between apartments and condos.
Most basement apartments have a private entrance, kitchen, bathroom, living room, one or two bedrooms, and access to laundry.
In Canada, you can often find below-ground apartments for rent in detached or semi-detached homes. Some homeowners rent out basement space for long- or short-term rentals while they live in the main home.
A benefit of basement apartments is that they are usually less expensive than other housing types. If you are on a tight budget, it’s a great option, especially if you prefer downtown living over the suburbs. Staying within your rental budget is important. Read more in our guide, How to Save Money on Rent in Canada: 10 Tips for Newcomers.
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARCondominiums (or condos) are a form of ownership that can apply to almost all types of housing. While condominiums are generally large complexes, other types of properties, for example, townhouses, may also have a condo ownership model. You own the unit, or “condo”, but you do not own the land it is built on or any common space outside your unit.
Owning a condo is often more affordable than buying a detached home, and a top reason why condos appeal to buyers. In addition, you have access to on-site amenities such as a swimming pool, fitness room, party room, and guest suites.
You pay monthly condo fees to maintain indoor and outdoor common areas shared by the owners, including parking areas, elevators, entrances, and recreational facilities. Many condos also have a concierge and provide 24-hour security. Monthly fees can vary and are usually based on the square footage of your unit. You pay condo fees in addition to your mortgage payments. If you rent a condo, these fees are usually included in your monthly rent.
This type of housing appeals to people who want a secure, residential setting without the required responsibilities of maintaining a home and yard. Condos are popular in Canada’s urban housing market because of the limited supply of single-family homes.
A single-detached house stands alone and tends to be the most expensive home type due to the land costs. However, detached homes usually provide more space than most apartments or condos and will often have a backyard, parking, and patio space. Because detached homes offer more space and privacy, they appeal to growing families or multi-generational families. When you purchase a house in Canada, you own the home and the land it’s on.
While some newcomers arrive in Canada ready to buy a home, this involves paying the mortgage, property taxes, and utilities such as electricity, gas, and water. As a homeowner, you’re responsible for the care and maintenance of your property and must follow local bylaws (municipal rules and regulations that vary across Canada). Examples of bylaws include residential property standards to ensure proper home maintenance.
As a homeowner, you can renovate the inside and outside of the house. But, you must follow local bylaws and apply for building permits to renovate the structure of the home.
Upon deciding to purchase a home, it’s smart to save money for an emergency fund to deal with unexpected or costly repairs.
You can also rent a detached home. Renting a detached home can provide more space without spending time or money on necessary repairs. The homeowner will incur the home repair costs. The cost to rent or buy a detached home is based on local real estate markets, which vary across Canada, and the size.
A semi-detached home is joined to another on one side, but not attached to any other dwelling or structure. Owners are only responsible for the care and upkeep of their side, just like a single-detached house. When you own a semi-detached home, you own your side of the property, including the land it is on.
Semi-detached houses appeal to people who want to own their own house as well as the land it is on. Semi-detached houses are usually less expensive than fully detached houses, although, like all real estate, this depends on the area.
If you’re buying this type of housing, it is usually more affordable than a single-detached home. However, it may offer less privacy. Whether you want to rent or buy a home, it’s smart to find an experienced real estate agent to guide you through the process.
The Canadian housing market is also seeing a growing interest in townhouses. This housing type is a unit attached to other housing units in a row. In each unit, you share a wall on either side with the people beside you. Often, especially in cities, there may also be a smaller unit above each townhouse, so there could also be someone living above or below you. Townhouses (sometimes called row houses) are usually two or three levels tall, and each level is called a storey.
With a townhouse, you may have a private backyard, or ground-level or rooftop patio. Townhouses appeal to people who want to be involved in maintaining their home and property.
This type of housing is becoming more popular, particularly among first-time homebuyers seeking more affordable options in the face of rising home prices.
A duplex or triplex is a building that is divided into multiple units. Like semi-detached houses, each household has its separate entrance and is responsible for the care of the unit. Typically, you would buy the entire property and rent a unit to help offset your mortgage payments. Types of homes that are ‘duplexed’ or divided into two or more separate living units may be detached homes, semi-detached, or row houses.
In Canada, it’s common for homeowners to rent out rooms within their homes and share accommodation. Homesharing provides an affordable housing option for newcomers, a great living experience, and an opportunity to make new friends.
When considering your housing options in Canada, consider the different features that each option offers. With different types of housing, you can select the one that best fits your budget, lifestyle, and preferences.
Are you moving to Toronto soon? Finding an apartment in Toronto for rent is a big priority. While there is much to plan before you move to Canada, finding housing is at the top of the list. And, it’s challenging when you are looking for a place to live while you are living abroad.
Toronto is a big city with many diverse neighbourhoods and apartments to rent. But, you want to find a comfortable place that fits your lifestyle. This information will help you find an apartment in Toronto while you are living abroad!
The first step to finding apartments for rent is to research the housing market. Your research will help you become familiar with:
There are many types of housing in Toronto to rent, from apartments to condos to basement apartments to townhouses. You’ll also find studios, 1- and 2-bedroom apartments. It’s important to determine your needs before you begin your search.
The cost of rental housing in Toronto is more expensive than in other cities in Canada. The rent you pay depends on the type of housing you require, size, amenities, and location. Living in downtown Toronto is more expensive than living in the suburbs of Toronto. However, living downtown gives you more access to restaurants, entertainment, transportation, and more.
It’s good to explore the cost of renting apartments before you arrive. That way, you’ll know how much to budget for accommodation in Canada.
Living in downtown Toronto is expensive. So, it’s important to consider whether you want to settle downtown or in the suburbs, where housing is less expensive. But, living downtown gives you access to more jobs, restaurants, entertainment, public transit, and much more.
A common strategy for people looking for an apartment in Toronto when living abroad is to find a short-term rental. This could mean staying with friends or family if you know people in the city. Or you could stay at a hotel or Airbnb. Staying in a short-term rental allows you to explore other Toronto neighbourhoods in person before you commit to a long-term rental.
Ideally, you want to live close to where you work. A short-term rental gives you the flexibility to move when you know where you will be working.
Finding the right neighbourhood is vital. The City of Toronto is quite dispersed, and depending on where you live and work, you may discover that it can take well over an hour to commute to work. If you want to avoid a lengthy commute, ideally, you will rent an apartment close to your job.
A challenge of looking for an apartment in Toronto online is knowing if a listing is legitimate. Listings can be deceiving. Units may not be as they appear in photos. There is no substitute for seeing a rental in person before you agree to lease it. So, your best bet is to secure a short-term rental before you arrive in Canada.
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARThe time to start your search for a long-term apartment for rent in Toronto is when you arrive. That way, you can visit the apartment in person, meet the landlord, and explore the neighbourhood to ensure it meets your needs. Finding a suitable and comfortable long-term rental is important, especially since you will likely have to sign a year-long lease.
Some people try to take advantage of new renters in the city, so tread carefully with online listings. Here are some tips to avoid rental scams:
One of the best decisions you can make when looking for an apartment in Toronto is to enlist the services of a local real estate agent. They will have an inside track on listings that are coming up and can help you quickly narrow down your search based on budget, location preferences, type of housing, and other factors of importance to you. However, it’s best to connect with a real estate agent only when you are in Toronto.
Finding an apartment in Toronto for rent can be a challenge. And, it’s even more challenging when you are looking from abroad. But, when you use this information to research the rental market before you arrive, it will help you to find the perfect Toronto rental when you arrive!
👉 Want to start your search for a Toronto rental? Visit Rentals for Newcomers!
There are many benefits to living in a small city. Smaller cities in Canada can provide advantages such as:
Discover the advantages and benefits of choosing to live in a small city in Canada and important questions to guide your decision!
Vikram and Nutan had great lives as budding professionals in India’s IT capital Bangalore. But, after a close friend immigrated to Canada, they decided to explore moving to Canada. They soon discovered they met the requirements to immigrate to Canada! However, they were unsure about where they wanted to live. Canada is a vast country.
Both agreed, on factors that were important to them. For example, they wanted to live in a small city that offered job opportunities, affordable housing options, and a nice quality of life. The Atlantic Provinces were a big draw and they settled on Fredericton, New Brunswick for its beauty, charm, and sense of community. Two years later, they had jobs, a 5-bedroom home, and the lifestyle they wanted. But, most importantly, they became members of a welcoming community.
Small cities across Canada attract newcomers by providing quality job opportunities, and a better quality of life. Living in a small City can offer newcomers an option to avoid congestion issues, high housing costs, and hectic pace.
While large cities attract newcomers, you may find high competition for jobs. But, smaller Cities often experience job growth when existing residents leave the community, or retire. So, many small cities look to newcomers with the right job skills to meet their employment needs.
A small city can be much quieter and laid back than life in a large city. This can benefit newcomers looking to integrate into the community more easily. Living in a small city may help you to easily immerse yourself in the local community. But, you must decide if you prefer to live in a large and bustling city or a more relaxed, small city.
In Canada, smaller cities recognize the many benefits of welcoming newcomers. To attract and keep newcomers, they continue to build communities that welcome, embrace, and support newcomers.
Newcomers often move to large Canadian cities such as Toronto and Vancouver because of the social, economic, and community networks. With these networks in place, newcomers may find better access to jobs, cultural and social communities, and support services. However, newcomers often find these same services and jobs in small cities!
Population and migration growth in large cities often puts pressure on areas such as:
As a result, large cities often have a higher cost of living and can create financial stress. As a newcomer, you must decide what you prefer, living in a large or small city. You may discover that a small City can provide the lifestyle and many of the amenities you seek.
When choosing a city, it’s vital to research job opportunities, housing costs, and the culture of the city to determine if it’s the right city for you.
This is a very important question. If few jobs match your skill set, you will leave the community if you and your spouse cannot find suitable jobs. While you may initially settle in the community, you will likely make a costly secondary move to another city.
Questions to Consider:
While many cities in Canada face rising housing costs, small cities can offer more affordable options. As of July 2024, the national average price for a home in Canada was $667,317. The median home price in Fredericton, New Brunswick during the same period was $404,534.
Questions to Consider:
Best Fredericton Neighbourhoods for Renting
Searching for your first home in Canada? Join this exclusive session for key insights on housing market conditions, affordable options, and renting without credit history. Tailored for newcomers settling in the next six months, register now for valuable tips and a free guide!
REGISTER FOR THE WEBINARImmigrants often consider the existing cultural and social network when deciding where to live. This can include services in different languages, faith-based, and nationality-based communities.
Small cities recognize the economic, cultural, and social benefits of welcoming newcomers. Supporting newcomers creates benefits for the community and attractive options for future residents.
Questions to Consider:
What groups, ethnic networks, and professional associations support newcomers?
What’s the quality of life? (fast-paced or relaxed? Access to nature, bike trails, etc?)
Newcomers benefit from services available to help them settle and find jobs in the local community. Services could include help to conduct job search activities, write a Canadian resume, enroll children in school, apply for government programs; and many other activities.
Questions to Consider:
Small city living can be a great option for newcomers seeking a relaxing pace and an option to bustling, hectic, and expensive Canadian cities. With many advantages, it’s worth exploring!