• 2019/7/20 10:25
• 留学霸
• view:609

With the rising cost of housing in many major cities in Canada, buying a home seems to be out of reach. However, owning a home is still the goal of many Canadians, and those who cannot afford the dream are often willing to compromise. This means that some people are willing to buy smaller places or commute long distances; others will move to other cities.

And Canadians are willing to consider moving to which cities to own their own homes? The website Finder surveyed 1,200 Canadian adults.

Main findings

Most Canadians are willing to relocate cities to own homes

In order to be able to afford a house, most Canadians are willing to move to another city. According to the survey, 54% of adults said they would move. Generation Z adults (18-24 years old) are most willing to move, and 85% said they would consider relocating. Most millennials (25-34 years old) and 35-44 year olds are also open to this idea, and nearly 70% said they would move to buy a house.

However, the older you are, the lower your willingness to move. It may be because older Canadians already own their own homes or are placed in their cities.

Which city is most attractive to people to move to buy a house?

Toronto is one of the most expensive homes in Canada and the most popular city for home buyers. According to the survey, 10% of respondents said they will move to Toronto in order to be able to buy a house. More than a quarter of Generation Z (18-24 years old) will happily move to Toronto, while only 3.5% of the Prairie Provinces say the same.

Halifax is the second most popular choice (9.67%), especially 35-44 (16%). However, for Generation Z (18-24 years old), only over 2% said they would consider moving there.

St. Catherine/Niagara ranked third (8%), followed by Ottawa (7.83%), Kelowna, London and Kitchener (both 6.92%). Ottawa is particularly popular among young people, with more than one in five 18-24 year olds saying they are willing to move there to buy a home. Montreal and Vancouver are popular with young Canadians, but their appeal has declined over time. According to the survey, 17.02% of the Z generation (18-24 years old) are willing to transfer to these two cities and 12.65% of the millennial generation.

Regina is the least reluctant city to move (2.67%), followed by Whistler (2.75%), Windsor (3.5%), Saskatoon (3.58%) and Oshawa (4.08%).

Message and data source:

https://www.finder.com/ca/moving-to-buy-a-home