The Toronto housing market has historically been a fortress, impenetrable to many newcomers. However, 2025 has brought a unique window of opportunity. With interest rates stabilizing and inventory rising in the Greater Toronto Area (GTA), the dream of homeownership is becoming tangible again for skilled immigrants.
For new Permanent Residents, the challenge isn't just price—it's navigation. Understanding the "stress test" rules and the Foreign Buyer Ban exceptions is critical before you even book a viewing.
The Foreign Buyer Ban: Are You Exempt?
Contrary to popular belief, the ban does not apply to everyone. If you hold a valid Work Permit and have 0 days remaining on your validity, or if you have filed tax returns in Canada for three of the last four years, you are eligible to purchase residential property.
Top Neighborhoods for Families
While downtown condos are appealing, families are moving east. Scarborough and Pickering offer detached homes at 30% less than the city core. These areas have robust transit links to Union Station, making them perfect for hybrid workers.
ImmiHire Official Analysis
Inventory is high. We recommend securing a pre-approval immediately to lock in current rates.
