July 5, 2024
Municipal Information Network

CANADIAN DREAM?
High housing costs has two-in-five recent immigrants saying they may leave their province (or Canada)

July 5, 2024

Canada's immigration levels have reached record highs in recent years, but as more immigrants seek the Canadian dream from abroad, many who have arrived in recent years have discovered less of a dream and more of a nightmare.

New data from the non-profit Angus Reid Institute finds recent trends that have seen Canadians concentrating in Alberta, moving south, or beyond Canada and the U.S., potentially increasing in coming years. Most likely among those to consider further relocation are recent arrivals. Consider that while three-in-10 Canadians (28%) say they're giving serious consideration to leaving their province of residence due to housing affordability, this number rises to 39 per cent for those who have lived in the country for less than a decade.

Canada's newcomers tend to be urbanites with skills to quickly engage in the economy, and housing affordability challenges in these urban spaces is perhaps compounding their uncertainty. In Toronto and Vancouver, the long-term risk would be one of losing the workforce required to keep the city cores humming. In Downtown Toronto, 44 per cent say they consider leaving, with 22 per cent saying this is a strong current consideration. Similar numbers also say this in the surrounding 905 area code. In Metro Vancouver, one-in-three (33%) aren't sure if that region is a long-term home.  

 More Key Findings:

  • Two-in-five renters (38%) are considering moving away from their province, compared to 28 per cent of homeowners with a mortgage and 16 per cent of homeowners without one.

  • The most common destination for those who consider relocating is another province in Canada. Nearly half say this (45%) with Alberta the top choice (18%). That said, one-quarter say they would leave for another country beyond the U.S. (27%) and 15 per cent would head south to that latter nation.

  • Alberta is the primary potential beneficiary of emigrants from B.C., with 35 per cent saying they would travel one province east if they were to leave. In Ontario, the largest group say they would move abroad beyond the U.S. (26%), while Alberta ties for second (17%) with Canada's southern neighbor (17%).

Read the complete article

For more information

Angus Reid Institute
1199 West Hastings St.
Vancouver British Columbia
Canada V6E 3T5
www.angusreid.org


From the same organization :
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