Our beautiful country has earned international recognition once again! Recently, Canada was named the #2 Best Country in the World by US News in partnership with Y&R’s BAV Consulting and the Wharton School of the University of Pennsylvania, and we came in #1 for Quality of Life! In fact, that’s the third year in a row we ranked tops for quality of life in this study. Only Switzerland beat us for #1 country in the world.
In this ranking, quality of life is based on affordability, job market, economic stability, family-friendliness, income equality, political stability, safety and quality of public services. In Canada, we do enjoy an enviable lifestyle, which is why our immigration is so dynamic. According to Statistics Canada, 21.9 per cent of Canada’s growing population is made up of immigrants.
In November 2017, our Minister of Immigration, Refugees and Citizenship announced a historic multi-year immigration levels plan that will welcome 310,000 new residents this year, 330,000 in 2019 and 340,000 in 2020. This means that by 2020, upwards of 1 per cent of Canada’s population will be new immigrants. As I often say, these people have to live somewhere, and many will buy or rent condos – and we know from experience that a substantial proportion of our new residents will choose Toronto and the GTA!