Real Estate News

High Housing Costs Drive Nearly 40% of Ontarians to Consider Leaving Province

Image by: unsplash

Nearly four in ten Ontarians are considering leaving the province due to high housing costs. Conducted online with 4,204 Canadians, the survey revealed that 28% of all respondents were contemplating moving out of their current province due to housing affordability concerns. Ontario had the highest percentage of potential movers at 39%, followed by British Columbia at 36% and Nova Scotia at 25%. Among those seriously considering leaving Ontario, popular destinations included moving abroad (26%), Alberta (17%), the United States (17%), and Atlantic Canada (14%).

The survey highlighted a significant generational and immigrant divide in housing-related migration considerations. Young Ontarians aged 18 to 34 were almost twice as likely (46%) to consider moving compared to those aged 55 and older (26%). Recent immigrants were also more inclined to leave, with 39% of those in Canada for 10 years or less contemplating a move due to housing costs, compared to 28% of the general population and 30% of those in Canada for 11 years or more.

Despite the high cost of housing, there is still some optimism among Ontarians. About 58% of Ontario residents surveyed expressed hope that housing affordability will improve over the next few years, compared to 53% of Canadians overall. The survey, conducted between June 14 and June 20, has a margin of error of 1.5 percentage points, 19 times out of 20.

Read the full article on: CP24


home worth

Find out what is your home worth in today's market.

Get Started


home worth

Get notified instantly of homes meeting your exact criteria.

Get Started
Amandeep Singh
Amandeep Singh
Do you have questions?
Call or text today, we are here to help!