Posted on March 13 2020
Migration overseas is a major contributor to Canada, socially and economically. Canada is well known for how it takes proper measures to ensure immigrants play their part in the success of its economy. With this aim in mind, the country offers economic class immigration programs. These are designed to find and bring in candidates with the highest chances of joining a good job in Canada. In the process, they nourish the Canadian labor market.
For young immigrants with a high level of education and strong language skills in English or French, the chances of success in this country are more. Canada annually funds $1.5 billion to programs that give settlement support for newcomers.
If we must evaluate the performance and success of immigrants in Canada, we could adopt different measures. One way is to compare the immigrants’ incomes with that of the Canadian natives. Immigrants having similar salary scales as natives could mean equal standards and fair treatment. But there are ways in which this method can falter.
The reasons for such a failure can be:
The immigrants are granted visas based on factors like education, age, work experience, and language skills. These economic-class immigrants are mostly invited to Canada to reunite with their families or as refugees. So, the comparison by earnings may not be fair with such a group of people.
Another way to gauge the progress of immigrants in Canada would be to assess their level of participation in the housing market. This means checking out the rate at which they buy houses in Canada. House ownership rates are apparently similar between Canadian natives and immigrants.
Moreover, the average value of an immigrant’s home in Canadian cities is the same as that of a native. This suggests that immigrants bring sizeable savings along, giving them great purchasing power.
Another measure of the prosperity of immigrants in Canada is their household income. In Canada, an average immigrant household earns about $85,000 annually. This is $90,000 for Canadian natives’ households. The immigrants' households mostly have more than one earner. This keeps their total earning on par with Canadian native families. From this observation, we can figure out the significance of family-class immigration. Helping families re-unite in Canada will help to increase household earning. It will also improve the overall living standards of immigrants.
Here's probably the most effective and reasonable way to measure the success of immigrants in Canada. This is to compare the current and past immigrant cohorts. This works better than comparing immigrants with Canadian natives. It’s good to check how better has current immigrants have performed compared to the previous ones. In fact, Canadian government agencies found that the current immigrant cohorts have outperformed the earlier ones. This has happened notably in the past decade, in almost every field of activity.
With all these indicators in mind, it can be deduced that immigrants are doing great in Canada. The fact that Canadian natives are aging is presenting opportunities for younger immigrants. The immigrant population can now have better incomes and can work better. They will also contribute better to the Canadian economy too.
If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.
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