RBC reports Ontarians moving to Atlantic Canada

In the last three months, almost 8,000 people have moved to Atlantic Canada, with a bulk of them coming from Ontario and Alberta, reports RBC.

Canada’s largest bank claims that city-dwelling Canadians in expensive provinces are fed up with urban life and the high prices that go along with it and are moving out east. This is four times more than the second-highest quarter on record.

The bank attributes lower home prices and declining COVID cases throughout the country as motivators for the Canadian migration to the coast. Most of the people (4,678) moved to Nova Scotia. New Brunswick gained 2,145, PEI got 869 and Newfoundland and Labrador are up 806.

The report dives in further on how over 14 times more people have emigrated from Ontario compared to the previous quarter. Illustrating that a large number of Canadians appear to be growing fed up with Ontario. The total loss of people in Ontario during the quarter was 11,857.

Source: Better Dwelling

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts