Desire for lower living costs, closeness to nature, have urban dwellers considering relocation to a more affordable Canadian city
50% of those living in the greater regions of Toronto, Montreal and Vancouver say they would consider buying a home in an affordable city
Here are a few highlights from the Royal LePage 2024 Most Affordable Canadian Cities Report:
- Of the 15 most affordable cities in Canada, four are located in the province of Quebec and four in the Atlantic provinces; no British Columbia cities made the list
- 54% of respondents in the Greater Montreal Area, 51% in the Greater Toronto Area and 45% in Greater Vancouver would consider relocating to one of the most affordable cities
- Quebec City is the most popular destination among respondents in Greater Montreal, while Edmonton is the top-ranking choice among Greater Toronto and Greater Vancouver residents
- Renters are more likely than owners to consider relocating based on housing affordability