Calgary ranks as top 9th city Canadians are willing to move to buy a home
Despite the depressed, relatively affordable home prices, Canadians do not have Calgary at the top of their mind when it comes to the city being a place to look for a home.
See also
- No sharp rebound for Calgary's depressed luxury housing market: report
- Calgary's housing market now seeing the 'light at the end of the tunnel': report
- Calgary home sales see uptick for second consecutive month: report
- Calgary's average home prices need to fall $147,000 to reach affordability
- $3 million 'dream home' in Calgary being raffled off by couple (PHOTOS)
The findings of a new survey by Finder.com released this week concluded that Calgary is the ninth place in the country Canadians would consider to be able to afford a home, just behind Montreal and ahead of Vancouver.
Toronto ranked first, followed by Halifax, St. Catherines-Niagara, Ottawa, and Kelowna.
Canada’s largest city was also the most popular city for younger demographics, with Toronto coming at top for ages 18-24, 25-34, and 35-44.
In contrast, Calgary ranked eighth for the youngest of the adult cohort — tied with London and Saskatoon. It tied for sixth place with Winnipeg for ages 55-65.
It ranked fifth for ages 25-45 and 10th for ages 45-54, but it did not make it to the top 10 list for ages 65 and over.
Interestingly, Canadians living on the West Coast are more likely to move to buy a place, with about 60% indicating they would make the change. West Coasters are most likely to be open to moving to Kelowna (20%), followed by Calgary and Victoria (both 13%) and Vancouver (12%).
According to analysts, the number of Canadians willing to relocate to achieve homeownership is significantly higher among younger generations; approximately 70% of Millennials and 85% of Generation Zers are open to moving to other cities.
“However 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,” said Angus Kidman with Finder.
“Just because a city is popular doesn’t necessarily mean it’s a great place to live. To avoid moving somewhere you’ll regret, consider renting beforehand to see if the areas you like are affordable and if it’s a good lifestyle fit for you.”
Across the country, 54% of Canadians would consider moving to be able to afford a home, and during the upcoming federal election, younger Canadians are most likely to vote based on party policies based on housing affordability.
Where Canadians are willing to move to buy a home 2019
- Toronto
- Halifax
- St Catharines/Niagara
- Ottawa
- Kelowna
- London
- Kitchener
- Montreal
- Calgary
- Vancouver
- Victoria
- St. Johns
- Hamilton
- Canmore
- Winnipeg
- Quebec
- Edmonton
- Oshawa
- Saskatoon
- Windsor
- Whistler
- Regina
See also
- No sharp rebound for Calgary's depressed luxury housing market: report
- Calgary's housing market now seeing the 'light at the end of the tunnel': report
- Calgary home sales see uptick for second consecutive month: report
- Calgary's average home prices need to fall $147,000 to reach affordability
- $3 million 'dream home' in Calgary being raffled off by couple (PHOTOS)
Follow Channels and Categories