January 31, 2011
Canada, it seems, tilts to the west. A TD Economics report made public last week found that interprovincial migration last year reached the highest level since 1998 – and British Columbia, followed by Alberta and Saskatchewan were the destinations of choice.
Of note to us at BuzzBuzzHome was that the report’s author, Pascal Gauthier, told media outlets that, because it’s hard to relocate if you can’t sell your house, the increase in migration is a sign that the Canadian real estate market is stabilizing.
(Obviously, the numbers also help to explain housing prices in Victoria and throughout British Columbia’s lower mainland.)
British Columbia and Alberta are the only two provinces that have been consistent net recipients since 2003. Saskatchewan joined the club in 2007.
Though 337,000 Canadians (about one percent of the country) switched provinces in 2010, overall interprovincial migration as a share of population is lower than it was in the 1970s and 1980s. And, as the report concludes, more needs to be done to ensure full labour mobility.