Canadian Millennials Are Invading Ottawa Because Toronto Is Expensive AF
They're moving to areas where property is more affordable.
If you’re a budget-conscious Canadian millennial, apparently Ottawa is the place to be. A new study from Ryerson University has found that the capital city isto move to, and they’re not coming for the BeaverTails! As house prices continue to rise in Toronto, Montreal and Vancouver, millennials are flocking to Ottawa, where property is much more affordable.
In a new study released on Wednesday, researchers at Ryerson University found that Canada’s 23-to-38-year-olds are choosing to move to the capital city over other metropolitan areas.
Drawing on data from Statistics Canada, they found that Ottawa gained more than 3,000 millennials between July 2018 and July 2019, which was considerably more than any other region.
While you may wonder if it was theor the that drew so many people to the city last year, the study found that it was actually the lack of affordable housing in other major regions.
While it’s no secret thatare extortionate, it seems the rest of Ontario is comparatively affordable.
After Ottawa, the next most popular destinations to move were almost all in Ontario, with Simcoe County, Durham Region, Halton Region and Waterloo all making the top six.
While some areas continue to gain millennials, cities like Toronto and Montreal are losing them. Over the same period, more than 9,000 young people left Montreal, while 5,000 said goodbye to the 6ix.
Similar trends were also seen in areas like Brampton and Mississauga, as well as Winnipeg and Vancouver.
Despite losing a considerable amount of youngsters to Ottawa, the report makes it clear that Toronto still has a pretty huge number of 20-somethings living there.
Additionally, the city continues to be the overall fastest-growing region in Canada, largely due to immigration.
The report concludes, “There are many millennials to go around, and many municipalities are busting at the seams as this generation comes of age.”
“However, the evidence suggests that millennials are likely to trade in more compact, walkable locations in major cities for areas with more affordable homeownership options, even if these come with longer commutes.”
Come for the affordable housing, stay for the snowy winters and the shawarma!