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

Posted on January 22, 2021 in Charbonneau, Local Voices, Page One // 0 Comments

(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.

Housing

About Mel Rothenburger (8056 Articles)

ArmchairMayor.ca is a forum about Kamloops and the world. It has more than one million views. Mel Rothenburger is the former Editor of The Daily News in Kamloops, B.C. (retiring in 2012), and past mayor of Kamloops (1999-2005). At ArmchairMayor.ca he is the publisher, editor, news editor, city editor, reporter, webmaster, and just about anything else you can think of. He is grateful for the contributions of several local columnists. This blog doesn't require a subscription but gratefully accepts donations to help defray costs.

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