A study by Finder entitled Housing affordability in Canada found that 54 per cent of Canadians would consider moving cities to be able to afford a home.
And a good chunk of that 54 per cent would have Âé¶čAV as a viable option.
Ranking fifth of the 22 cities included in the study, Âé¶čAV was bested by only Ottawa, St. Catherines/Niagara, Halifax and Toronto.
By age, Âé¶čAV was favoured mostly by the 55+ group, ranking as the third most popular city among 55 to 64-year-olds and the fourth most popular for those over the age of 65. Among younger groups Âé¶čAV still ranked relatively high, placing sixth in the 25 to 34 age group and 10th for 45 to 54-year-olds.
Âé¶čAV did not show up in the top 10 for people aged 18-24 or 35-44.
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Âé¶čAV is the most popular city for west coasters to move (19.66 per cent) and 2nd most popular for those in the prairie provinces (12.72 per cent).
âThe number of Canadians willing to relocate to fulfill their goal of homeownership skyrockets among younger generations. Just under 70 per cent of millennials and 85 per cent of gen-Zers are open to moving cities,â said Angus Kidman, global-editor-in chief at Finder.
âHowever being willing to move somewhere and actually doing it are two different things. Those looking to buy outside of their city of residence need to consider house prices, their earning potential and the overall cost of living.â
âJust because a city is popular doesnât necessarily mean itâs a great place to live. To avoid moving somewhere youâll regret, consider renting beforehand to see if the areas you like are affordable and if itâs a good lifestyle fit for you.â
More information and the full study is available on .
michael.rodriguez@kelownacapnews.com
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