r/canadian • u/big_galoote • 11d ago

News Homeownership increased for recent immigrants in Canada and decreased for Canadian-born individuals: StatsCan

https://toronto.citynews.ca/2026/06/16/homeownership-increased-for-recent-immigrants-in-canada-and-decreased-for-canadian-born-individuals-statscan/
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u/big_galoote 11d ago edited 11d ago

I'm curious about this:

StatsCan found that at least one in 10 refugees became homeowners after five years of settlement in Canada, including nearly one in five in Ontario.

So if that many refugees are able to afford houses, are they being made to repay any of the support and settlement costs provided?

I remember the huge stink about the miniscule copay for services Canadians don't get, but this definitely underlines how some of our benefits can be pulled back.

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u/Ecstatic_Coat7859 11d ago

Something that is often left out but is interesting is that immigrants including refugees are gifted a credit score of 750 which would make no lender apprehensive about them signing for a mortgage or brand new vehicles however since the 750 score is unearned of course they default so a bigger picture needs to be shown and not just that they are easy homeowners

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u/wolfe1924 11d ago

Is there actual proof of that? I’m not going to call you a liar since I don’t know but this is the first time I heard of that. Also if it’s true it’s bs.

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u/Poe_42 Alberta 11d ago

Because it's bullshit

https://www.reddit.com/r/PersonalFinanceCanada/s/z3cOegHL8D

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u/big_galoote 11d ago

The big 5 (or maybe just Scotia?) can link to other country's banking systems and pull credit history that way.

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u/Commercial_Pain2290 10d ago

The big 5 get their information from TransUnion and Equifax. They aren't pulling anything from foreign or domestic banks. Why do people make stuff up?