A recent report by Re/Max Canada continues to showcase that Alberta’s favourable tax environment and lower housing prices are attracting a rising number of Canadians – particularly from provinces like Ontario and British Columbia – to settle out West.
The report found that tax rate increases, record-high housing values, and mortgage rates have led to a post-pandemic exodus from the country’s most expensive markets, with a significant uptick in interprovincial migration to Alberta. Specifically, Alberta welcomed a little over 45,000 people last year, doubling the numbers seen in 2022 according to Statistics Canada. The highest influx of new Albertans in the third quarter came from Ontario, followed by B.C., Saskatchewan, and Manitoba.
This trend of West-bound migration isn’t likely to slow down anytime soon. CLRA is working in partnership with the province to attract skilled workers to address the labour demands for our growing economy. We hope that our upcoming education-focused campaign will encourage more Albertan youth – as well as adults changing careers – to consider pursuing the trades for long-term, well-paying, meaningful work.
Read the full National Post article here.
