CHARBONNEAU – Trying to slow the exodus from Canada’s big cities

(Image: CFJC Today)

CANADA MORTGAGE AND HOUSING Corproation (CMHC) is attempting to curb the outflow from big cities.

Toronto saw a net loss of 50,375 last year as people moved to surrounding small cities — places such as Oshawa, where the population increased by 2.1 per cent according to CMHC.

Municipalities around Montreal also experienced growth with Farnham seeing an increase of 5.2 per cent.

People are migrating out of Vancouver to small Interior cities, as well. In Kamloops, home sales totalled 3,044 units last year, up 6.4 per cent from 2019. Sales were brisk with homes on the market just of 2.6 months on average, compared to 5.8 months the previous year.

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David Charbonneau is a retired TRU electronics instructor who hosts a blog at http://www.eyeviewkamloops.wordpress.com.