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Despite feeling the pinch, more than 80 per cent of the study\u2019s respondents said they felt welcome in Canada.<\/p>\n
\u201cThere\u2019s no question that newcomers are at a degree of financial risk that is greater than the financial risk of established Canadians,\u201d said Ian Large, Leger\u2019s executive vice-president of consumer insights. \u201cBut (the survey suggests) they are still managing to establish themselves personally, professionally and financially.\u201d<\/p>\n![\"Newcomer](\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/Question-27-summary-newcomers.png?quality=5&strip=all&w=100&sig=ZqUNiYt3j-Ia7w-fzQ1dNA\")
<\/source><\/source><\/source><\/source><\/source><\/picture><\/figure>\nCanada relies on immigrants to boost its economy and replace its aging population. But record population growth in the past two years in the midst of a housing crunch has led economists and think tanks to urge Ottawa to provide more clarity on how it plans to accommodate hundreds of thousands of newcomers every year.<\/p>\n
This is the first time Leger, which frequently measures the country\u2019s sentiment on different issues, has conducted a survey involving such a large group of newcomers, a section of the population that is often missed in its general public surveys, Large said.<\/p>\n
It takes an average of about 20 months for newcomers to become self-sufficient and able to cover their living expenses such as housing, food, health care and transportation without external support, the survey said.<\/p>\n<\/section>\n