In such larger communities, a one per cent increase in the number of new immigrants was associated with a 0.376 per cent increase in home values. When it comes to rents, a one per cent increase in the number of new immigrants was associated with a 0.086 per cent increase in rents. IRCC concludes that the link between the number of new immigrants and rising housing prices was only statistically meaningful in the jurisdictions of B.C. "The connection between immigration and housing prices varied over time and across regions, highlighting that immigration is not the solitary factor influencing housing prices. When it comes to rents a one per cent increase in the number of immigrants in a province increased the average rent by 0.14 per cent to 0.17 per cent from 1983 to 2010.