These are the cities in Canada where millennials want to move to the most
Finding affordable housing in Canada is a struggle for most millennials — but it seems that young adults aged 23 to 38 are choosing one province in particular.
According to a recent study by Ryerson University, many young adults are ditching big cities like Vancouver, Montreal and Toronto and moving to places with more affordable housing.
Ontario seems to be the biggest draw.
.@RyersonCUR looked at the net flows of the non-immigrant Millennial population between Canadian cities. Millennials are leaving cities like Vancouver, Montreal and Toronto on net for places like Ottawa, Simcoe and Waterloo. Check out the full blog at: https://t.co/9oKuq53vYW pic.twitter.com/pBKqdA44x4— Centre for Urban Research & Land Development (CUR) (@RyersonCUR) February 20, 2020
Ottawa tops the list of places that millennials are moving to, raking in about 3,100 people each year. Simcoe County, Durham Region, Halton Region and Waterloo claim the next spots.
Victoria, B.C. ranked number six — the only place outside of Ontario to make the top few slots.
So what's so attractive about these places?
Well, jobs, for one.
Ottawa has the one of the lowest unemployment rates in Canada (4.2 per cent in January), making it ideal for recent graduates seeking employment.
Lots of support - while canvassing -for last weeks announcement about Amazon investing $200 million in our community and creating 600 jobs Ottawa's Unemployment rate is 4.2 % - lowest in 30 years! #progress pic.twitter.com/2AEpB6TwBl— Jim Watson (@JimWatsonOttawa) July 15, 2018
Plus, the Ottawa housing market is ideal for first-time buyers; although renting can be pricey, the city offers some of the nicest houses to buy at the cheapest price points in Canada.
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