Â鶹´«Ã½

Skip to main content

Canadians are eyeing moves to these cities for more affordable housing

Share

Faced with elevated housing prices, half of Canadians in the country's largest cities are considering moving to places with more .

Fifty per cent of respondents in the greater regions of Toronto, Montreal and Vancouver said they would consider buying a property in cheaper cities if they were able to find a job or work remotely, according to a new Royal LePage survey released Wednesday.

Of renters surveyed, 60 per cent said they would be willing to relocate. Meanwhile, 45 per cent of homeowners polled said they would consider it.

"(Housing) affordability has become one of the major social issues of our time," said Phil Soper, president and CEO of Royal LePage, in a video interview with CTV's News Channel on Wednesday. "The pandemic ushered in a new era of mobility, virtual technology and business practices, opening people's eyes to the fact that we had some great and much more affordable -- call it mid-sized -- cities. So the trends are fitting together."

However, Soper says the findings may not actually translate into actual moves.

"I would caution people though that people saying 'I'd consider moving' is not the same as people moving," he said. "I know after the 2016 election, we had a huge rise in Americans saying they would move to Canada but the actual number who did was quite small."

Still, a sizeable number of people are mulling options.

The following are the percentage of Canadians considering relocating to a cheaper city:

  • 51 per cent of people in greater Toronto area;
  • 54 per cent of people in greater Montreal area;
  • 45 per cent of people in greater Vancouver area.

For people in Montreal, Quebec City was a top choice for a potential move.

For those in Toronto and Vancouver, Edmonton was the most appealing new destination.

Most affordable cities

On the East Coast, Soper said Halifax has gotten more expensive over time, "but Saint John, New Brunswick remains a place where a considerable number of people from central Canada have relocated to since 2020 since the peak of the pandemic."

Here are Canada's most affordable cities based on the percentage of household income needed to pay a monthly mortgage, according to the survey:

1- Thunder Bay, Ont.: 22.2 per cent

2- Saint John, N.B.: 25.1 per cent

3- Red Deer, Alta.: 25.7 per cent

4- Trois-Rivières, Que: 28.5 per cent

5- Edmonton: 28.9 per cent

6- Regina: 29.1 per cent

7- St. John's, N.L.: 30.1 per cent

8- Quebec City: 30.8 per cent

9- Sherbrooke, Que.: 30.8 per cent

10- Winnipeg: 31.8 per cent

While the trend of migration would have benefits for smaller communities, it is also a challenge for urban planners, Soper said.

"We have housing shortage issues not just in Toronto and Vancouver but in these smaller cities," he explained. "It's just the base value of the underlying land is considerably lower than in our largest urban centres. So they're starting at a place of better affordability, but they have not escaped the issue of an acute housing shortage. So urban planners everywhere are grappling with providing enough roofs for our expanding population."

The report used an online panel to survey 900 Canadian residents, aged 18 and older, living in greater Toronto, greater Montreal and greater Vancouver. It was completed between May 13 and May 16. No margin of error can be associated with the web panel, a non-probability sample.

CTVNews.ca Top Stories

The calls are growing louder for city council to tighten the rules governing short-term accommodations, including those advertised on websites like Airbnb and Vrbo, after students arrived by the busload at a rented house in the Masonville neighbourhood.

Miley Cyrus and Dolly Parton are apparently distant relatives

Genealogy and family tree tracking site Ancestry announced on Monday that by using “billions of historical records and public family trees,†they’ve discovered that the two music powerhouses are actually seventh cousins, once removed.

Local Spotlight

Giant gourds took over a Manitoba community this weekend.

Fire has destroyed a barn and 17,000 plants at a family-owned business in Lower Coverdale, N.B.

Before influencers on social media, Canada’s Jeanne Beker was bringing the world of high fashion down to earth and as Calgary’s Glenbow Museum gets a major make-over, it will include a new exhibition showcasing the pop culture icon.

A sea lion swam free after a rescue team disentangled it near Vancouver Island earlier this week.

A Nova Scotian YouTuber has launched a mini-truck bookmobile.

Cole Haas is more than just an avid fan of the F.W. Johnson Wildcats football team. He's a fixture on the sidelines, a source of encouragement, and a beloved member of the team.

Getting a photograph of a rainbow? Common. Getting a photo of a lightning strike? Rare. Getting a photo of both at the same time? Extremely rare, but it happened to a Manitoba photographer this week.

An anonymous business owner paid off the mortgage for a New Brunswick not-for-profit.

They say a dog is a man’s best friend. In the case of Darren Cropper, from Bonfield, Ont., his three-year-old Siberian husky and golden retriever mix named Bear literally saved his life.

Stay Connected