Canadians Are Still Leaving Major Cities In Big Numbers: BMO
Canada’s large cities are now entirely dependent on immigration as local residents continue to flee and seek greener pastures.
Toronto Residents Are Leaving At A Record Pace, Immigration Takes Over Growth
Greater Toronto residents are fleeing for other parts of the country at an alarming pace, indicating opportunity may be outside of the hub.
Canadians Permanently Leaving Was Unusually High For The First Quarter
Canada’s booming population growth is obfuscating a trend policymakers should be watching — emigration. Emigration, the act of moving from a country, saw an unusual surge in Q1 2022. It was the biggest Q1 for emigration in a half decade, shows Statistics Canada (Stat Can) data. The recent surge marks the end of a trend […]
Canada’s Real Estate Bubble Won’t Be Protected By Population Growth: BMO
Canadian real estate prices won’t correct due to population growth, right? Well, BMO Capital Markets shared a different take with institutions this morning. The bank explains there is no historical evidence to support this narrative. During the last significant home price crash, Canada saw its population grow at a faster rate. They warn interest rates […]
Canada Just Saw The Biggest Q4 For Residents Permanently Leaving Since The 1970s
Canadians are packing up and leaving at a fast rate, during a traditionally slow period. Statistics Canada (Stat Can) data shows emigration, the act of leaving permanently, jumped in 2021. The past year showed modest gains, rising to the highest level in half a decade. The fourth quarter is what sticks out though, showing a […]
Canadian Housing Grew Faster Than Population, Speculative Mindset Building: BMO
Canada’s national statistics agency revealed a surprise in the latest Census drop. BMO Capital Markets found Canada’s housing stock has grown faster than its population. Robert Kavcic, a senior economist at BMO, pulled historic data and found this to be the case for two decades. The bank acknowledges long-term supply issues, but believes how much […]
Why Aren’t Millennials Having Children? It Might Be Due To High Real Estate Prices
Millennials aren’t having children and experts believe high home prices are a big part of the issue. An NBER working paper titled House Prices and Birth Rates: The Impact of the Real Estate Market on the Decision to Have a Baby looks at the influence of home prices on births. They found higher home prices […]
Toronto Is Turning Into A Retirement Village As The Senior Population Explodes Higher
Toronto’s sky-high real estate prices might have turned into a hurdle for the city’s growth. Statistics Canada (Stat Can) released its 2021 population estimates for Toronto this week. For the year ending July 1, most of the city’s growth was seniors. Last year was a bit of an anomaly, that’s true. It’s not a new […]
Canadians Are Dumping Big Cities By The Tens of Thousands As Locals De-Urbanize
Canada’s largest cities are seeing the struggle to keep locals heat up, as small cities up their game… or big cities drive locals out. We unpacked the latest Statistics Canada (Stat Can) data for migration in 2021. The largest real estate markets are losing locals, and becoming dependent on immigration. Meanwhile, rural areas are gaining […]
Canadians Are Fleeing Ontario As Alberta and BC Manage To Attract More
Canadians are re-evaluating their housing situation, and it’s sending many to new provinces. Statistics Canada (Stat Can) data shows a significant interprovincial migration in Q3 2021. This is the flow of Canadians looking to improve their quality of life by moving to a new province. Since Ontario’s home prices have begun to surge, the province […]
