“Canada has some incredible hidden gems if you’re relocating for a change in lifestyle; places people seldom think about,” said Robert McLister, mortgage editor at Ratesdotca.
“We set out to discover which of these areas have the best combination of affordability, economic momentum and livability.”
The survey found that 51 per cent of Canadians who moved in 2020 due to COVID-19 did so to “live in an area with more nature” and 36 per cent “felt financial pressure” to find a cheaper home.
“Our first-ranked city, Langford, B.C., got high marks for growth, affordability (particularly relative to other B.C. hot spots), property tax costs, desirable climate and proximity to spectacular nature,” said McLister.
“This and other top 10 locations could see outsized real estate returns in coming years given they check a lot of homebuyer boxes and are relatively cost-effective.”
The survey of 1,514 Canadians was conducted by Leger Marketing from Jan. 22 to 24 using Leger’s online panel. The sample’s ages ranged from 18 to 55-plus years old.