I was watching the news today and I heard that Canada is the fastest growing population, with 5.9% growth rate in the last 5 years.  This is due to the increasing number of immigration, with their open-arms approach, as well as the difference between the births and deaths.

It comes as a surprise to me to find out the Ottawa-Gatineau's population had the biggest increase with 9.1%.  Their population grew from 1.1 million to 1.2 million since 2006.  Ottawa is a great city to live in, as I grew up there for most of my life and I can see why there was such a huge increase in immigration.

I believe the population increase has had a huge impact on our Canadian economy and more specifically the real estate market. With the increasing population, the demand for housing continues to increase which drives up the prices.  This is obviously not the only reason for the increase in housing prices, but I believe this is one of the reasons that we should all consider when thinking about our great housing market.

For all your real estate needs, please contact me http://www.rickaurora.com/bramptonrealestaterealtorcontact

Rick Aurora