More British Columbians moving to small towns, report shows
“When people think about purchasing a home it is a lot less expensive to purchase a home in non-metropolitan areas than in metropolitan areas,” said Morris“Most of the housing stock is old and needs major repairs. Most homes are single detached houses, which reduces housing options. The influx of new residents can also strain municipal services,” read the report.
The study showed that high migration can also positively impact economic growth and quality of life in small towns. “It is wonderful for communities. When communities have new people move in it is a boost into the economy,” added Morris.The trend has been impacted by the pandemic, which showed employees it is possible to work from home negating the need to live in a city.
The study also looked at interprovincial and intra-provincial migration patterns. According to UBC Housing Research Collaborative Associate Director Craig Jones, B.C. has seen an uptick in interprovincial migration since 2015. “B.C. has really strong net gain — more people are moving from other parts of Canada into British Columbia rather than people moving out of British Columbia,” said Jones.RDCO: Economic indicators reaffirm Kelowna’s rapid growth – Feb 11, 2022
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