{"id":453374,"date":"2021-03-09T07:03:09","date_gmt":"2021-03-09T12:03:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453374"},"modified":"2021-03-09T07:03:09","modified_gmt":"2021-03-09T12:03:09","slug":"urban-flight-canadas-top-places-to-move-to-if-youre-trying-to-escape-the-city","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/urban-flight-canadas-top-places-to-move-to-if-youre-trying-to-escape-the-city\/","title":{"rendered":"Urban Flight: Canada\u2019s Top Places to Move to if You’re Trying to Escape the City"},"content":{"rendered":"

\nNew RATESDOTCA Livability Report ranks over 150 communities based on affordability, growth potential and lifestyle
\n<\/h2>\n
\n

TORONTO, March 09, 2021 (GLOBE NEWSWIRE) — Since the start of the pandemic, Canadians have been exploring new living arrangements including moving out of big cities in search of greater affordability and more space. A recent RATESDTOCA survey revealed that of the 12 per cent of Canadians who plan to purchase or have already purchased a primary residence since April 2020, almost a quarter of them said that COVID-19 played a role in their decision making. One in five (21 per cent) homebuyers have moved or plan to move from a major city hub to a small town\/rural area.<\/p>\n

Increasingly inaccessible housing prices plague many metropolitan cities and 61 per cent of homebuyers cite affordability as a key criterion when making the decision to relocate. RATESDOTCA ranked the top relocation destinations of 2021<\/a> – Langford, B.C.; Kelowna, B.C.; Trois-Rivi\u00e8res, QC; Bathurst, NB; and Rossland, B.C. top the list.<\/p>\n

\u201cCanada has some incredible hidden gems if you\u2019re relocating for a change in lifestyle; places people seldom think about,\u201d said Robert McLister, Mortgage Editor, RATESDOTCA. \u201cWe set out to discover which of these areas have the best combination of affordability, economic momentum and livability.\u201d<\/p>\n

The survey found that 51 per cent of Canadians who moved in 2020 due to COVID-19 did so to \u201clive in an area with more nature\u201d and 36 per cent \u201cfelt financial pressure\u201d to find a cheaper home. But square footage and mortgage payments are not all there is to life. The best locations in Canada have so much more.<\/p>\n

RATESDOTCA breaks it down in its Livability Report. The report examines factors such as home price growth and mortgage costs, as well as economic and quality of life factors like promising growth trends, amenities and climate. Attributes like proximity to mountains and major water bodies (scenery), outdoor activities and nightlife were also considered.<\/p>\n

Canada\u2019s top 10 livable places in 2021 according to RATESDOTCA\u2019s Livability Report:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Rank<\/strong>\u00a0<\/td>\n\n City\/Town<\/strong>\n <\/td>\n\n Prov<\/strong>\u00a0<\/td>\n\n Pop.\u00a0(Latest)<\/strong>\u00a0<\/td>\n\n Pop.\u00a0Growth<\/strong>\u00a0<\/td>\n\n Avg\u00a0Home Price 2020*<\/strong>\u00a0<\/td>\n\n Avg\u00a01-year home price growth**<\/strong>\u00a0<\/td>\n\n Avg\u00a0Mortgage Payment (20% Down)<\/strong>\u00a0<\/td>\n\n Minimum Income Required<\/strong>
\n \u2020<\/sup>
\n
\n (20% Down)<\/strong>\u00a0<\/td>\n		\n Scenery Rating<\/strong>\u00a0\u2020\u2020<\/sup><\/td>\n<\/tr>\n
1\u00a0<\/td>\nLangford\u00a0<\/td>\nBC\u00a0<\/td>\n42,653\u00a0<\/td>\n5.2\u00a0%<\/td>\n$<\/td>\n725,300\u00a0<\/td>\n11.6\u00a0%<\/td>\n$<\/td>\n3,024\u00a0<\/td>\n$<\/td>\n107,604\u00a0<\/td>\n****\u00a0<\/td>\n<\/tr>\n
2\u00a0<\/td>\nKelowna\u00a0<\/td>\nBC\u00a0<\/td>\n222,748\u00a0<\/td>\n2.0\u00a0%<\/td>\n$<\/td>\n553,175\u00a0<\/td>\n5.6\u00a0%<\/td>\n$<\/td>\n2,307\u00a0<\/td>\n$<\/td>\n86,616\u00a0<\/td>\n****\u00a0<\/td>\n<\/tr>\n
3\u00a0<\/td>\nTrois-Rivi\u00e8res\u00a0<\/td>\nQC\u00a0<\/td>\n163,287\u00a0<\/td>\n1.5\u00a0%<\/td>\n$<\/td>\n224,600\u00a0<\/td>\n32.8\u00a0%<\/td>\n$<\/td>\n937\u00a0<\/td>\n$<\/td>\n48,866\u00a0<\/td>\n***\u00a0<\/td>\n<\/tr>\n
4\u00a0<\/td>\nBathurst\u00a0<\/td>\nNB\u00a0<\/td>\n31,691\u00a0<\/td>\n0.0\u00a0%<\/td>\n$<\/td>\n112,850\u00a0<\/td>\n0.3\u00a0%<\/td>\n$<\/td>\n471\u00a0<\/td>\n$<\/td>\n34,444\u00a0<\/td>\n****\u00a0<\/td>\n<\/tr>\n
5\u00a0<\/td>\nRossland\u00a0<\/td>\nBC\u00a0<\/td>\n4,108\u00a0<\/td>\n2.5\u00a0%<\/td>\n$<\/td>\n443,889\u00a0<\/td>\n39.9\u00a0%<\/td>\n$<\/td>\n1,851\u00a0<\/td>\n$<\/td>\n73,477\u00a0<\/td>\n****\u00a0<\/td>\n<\/tr>\n
6\u00a0<\/td>\nNiagara-on-the-Lake\u00a0<\/td>\nON\u00a0<\/td>\n18,865\u00a0<\/td>\n1.3\u00a0%<\/td>\n$<\/td>\n515,000\u00a0<\/td>\n32.1\u00a0%<\/td>\n$<\/td>\n2,147\u00a0<\/td>\n$<\/td>\n86,848\u00a0<\/td>\n*****\u00a0<\/td>\n<\/tr>\n
7\u00a0<\/td>\nCowichan Bay\u00a0<\/td>\nBC\u00a0<\/td>\n90,448\u00a0<\/td>\n1.2\u00a0%<\/td>\n$<\/td>\n561,900\u00a0<\/td>\n16.5\u00a0%<\/td>\n$<\/td>\n2,343\u00a0<\/td>\n$<\/td>\n85,415\u00a0<\/td>\n*****\u00a0<\/td>\n<\/tr>\n
8\u00a0<\/td>\nSydney\u00a0<\/td>\nNS\u00a0<\/td>\n95,901\u00a0<\/td>\n-0.3\u00a0%<\/td>\n$<\/td>\n157,338\u00a0<\/td>\n49.9\u00a0%<\/td>\n$<\/td>\n656\u00a0<\/td>\n$<\/td>\n43,055\u00a0<\/td>\n***\u00a0<\/td>\n<\/tr>\n
9\u00a0<\/td>\nPenticton\u00a0<\/td>\nBC\u00a0<\/td>\n46,885\u00a0<\/td>\n0.9\u00a0%<\/td>\n$<\/td>\n523,386\u00a0<\/td>\n21.7\u00a0%<\/td>\n$<\/td>\n2,182\u00a0<\/td>\n$<\/td>\n83,821\u00a0<\/td>\n****\u00a0<\/td>\n<\/tr>\n
10\u00a0<\/td>\nQuebec City\u00a0<\/td>\nQC\u00a0<\/td>\n832,328\u00a0<\/td>\n0.9\u00a0%<\/td>\n$<\/td>\n283,000\u00a0<\/td>\n11.4\u00a0%<\/td>\n$<\/td>\n1,180\u00a0<\/td>\n$<\/td>\n55,724\u00a0<\/td>\n*****\u00a0<\/td>\n<\/tr>\n<\/table>\n

\u201cOur first ranked city, Langford B.C. got high marks for growth, affordability (particularly relative to other B.C. hotspots), property tax costs, desirable climate and proximity to spectacular nature,\u201d said McLister. \u201cThis 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.\u201d<\/p>\n

\u201cThis list shows that there are affordable home options for homebuyers willing and able to broaden their horizons,\u201d said McLister. \u201cCanadians who find a community of interest on this list can research properties and use a mortgage calculator<\/a> to estimate if they qualify for financing.\u201d<\/p>\n

RATESDOTCA compared more than 150 cities and towns outside the biggest metropolitan areas. The analysis compiled factors including price trends, migration data and airport accessibility, for example, which have never been assembled in a Canadian city ranking of this scale. That\u2019s in addition to the editorial ratings of each municipality\u2019s qualitative ratings including scenery, nightlife, climate, and outdoor lifestyle. The result is a curated comprehensive index of the top-ranked communities, excluding metropolitan cities, in Canada.<\/p>\n

For the full list of rankings and data, click here<\/a>.<\/p>\n

* As of December 31, 2020
** Home price growth year-over-year, as of December 31, 2020 (Sources: real estate boards and municipal estimates)
\u2020<\/sup> Assuming 20% down, a 30-year amortization, a 4.79% qualifying rate, 1% property tax rate, $150\/mo heat and $500 of other monthly debt
\u2020<\/sup>\u2020<\/sup> A subjective rating based on surrounding nature, parks, water bodies, mountains, forests, rolling hills, downtown aesthetics and other visually appealing aspects of an area<\/p>\n

\n About the Report<\/strong>
\n
RATESDOTCA\u2019s first annual Livability Report analyzed almost 10,000 data points to arrive at a score for each municipality surveyed. The score was a proprietary weighting that balanced things like population growth, home price growth, mortgage affordability relative to a $100,000 household income, scenery, climate, outdoor activities, nightlife, property taxes and proximity to commercial airports. Suburbs in the largest metro areas (Toronto and Vancouver) were intentionally omitted.<\/p>\n

\n About the Survey<\/strong>
\n
An online survey of 1,514 Canadians was conducted by Leger Marketing from January 22-24, 2021, using Leger’s online panel. The sample’s ages ranged from 18 to 55+ years old. The margin of error for this study is +\/-2.5%, 19 times out of 20.<\/p>\n

\n About RATESDOTCA<\/strong>
\n
\n RATESDOTCA<\/a> is Canada’s leading rate comparison website that offers a quick and simple digital experience to compare the widest selection of insurance and money products in the market. Get a better rate on car, home, and travel insurance, mortgage, and credit cards all in one location. RATESDOTCA aims to help Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them. @RATESDOTCA<\/a><\/p>\n

RATESDOTCA
360 Adelaide Street West, Suite 100
Toronto, Ontario
M5V 1R7
Canada
+1 844-726-0907<\/p>\n

For more information or to arrange an interview, please contact:<\/p>\n

Alex Jones, Proof Strategies Inc. for RATESDOTCA
ajones@getproof.com<\/a>
(416) 969-2734<\/p>\n

Karishma Singh, Proof Strategies Inc. for RATESDOTCA
ksingh@getproof.com<\/a>
(416) 969-2769<\/p>\n

A photo accompanying this announcement is available at\u00a0https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/e2deda7f-380a-488a-a6ae-bb6ed661f80e<\/a><\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

New RATESDOTCA Livability Report ranks over 150 communities based on affordability, growth potential and lifestyle TORONTO, March 09, 2021 (GLOBE NEWSWIRE) — Since the start of the pandemic, Canadians have been exploring new living arrangements including moving out of big cities in search of greater affordability and more space. A recent RATESDTOCA survey revealed that of the 12 per cent of Canadians who plan to purchase or have already purchased a primary residence since April 2020, almost a quarter of them said that COVID-19 played a role in their decision making. One in five (21 per cent) homebuyers have moved or plan to move from a major city hub to a small town\/rural area. Increasingly inaccessible housing prices plague many … <\/p>\n

Continue reading “Urban Flight: Canada\u2019s Top Places to Move to if You’re Trying to Escape the City”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453374","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUrban Flight: Canada\u2019s Top Places to Move to if You're Trying to Escape the City - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/urban-flight-canadas-top-places-to-move-to-if-youre-trying-to-escape-the-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Urban Flight: Canada\u2019s Top Places to Move to if You're Trying to Escape the City - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New RATESDOTCA Livability Report ranks over 150 communities based on affordability, growth potential and lifestyle TORONTO, March 09, 2021 (GLOBE NEWSWIRE) — Since the start of the pandemic, Canadians have been exploring new living arrangements including moving out of big cities in search of greater affordability and more space. A recent RATESDTOCA survey revealed that of the 12 per cent of Canadians who plan to purchase or have already purchased a primary residence since April 2020, almost a quarter of them said that COVID-19 played a role in their decision making. One in five (21 per cent) homebuyers have moved or plan to move from a major city hub to a small town\/rural area. 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A recent RATESDTOCA survey revealed that of the 12 per cent of Canadians who plan to purchase or have already purchased a primary residence since April 2020, almost a quarter of them said that COVID-19 played a role in their decision making. One in five (21 per cent) homebuyers have moved or plan to move from a major city hub to a small town\/rural area. 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