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Fastest Growing Cities In Canada – Estate Agents Surprised At The Exodus

Posted by Osei Agyemang

Canada is rated among the most happiest countries in the world, and this comes with heaps of indexes. The country has some of the excellent spots to visit that will ‘blow’ your brain off.

However, there are a few communities that everybody is scrambling to live in, hence becoming the fastest growing communities in Canada.

Halifax County is one of the urban communities that has pulled in people to live in. In 2020, the province saw its populace grow by two percent, making it the second-fastest growing local area in Canada, as per Statistics Canada.

Kitchener-Cambridge-Waterloo in Ontario attached Halifax with two percent growth. The lone city to become quicker was Oshawa, Ont., a rural local area on the edges of Toronto that grew by 2.1 percent.

As indicated by real estate experts in Canada, for as long as forty years, they haven’t seen as numerous purchasers rushing to town looking for homes like this before.

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On the other side, others are additionally purchasing houses in pleasant Atlantic Canada. Toronto and Montreal saw a record-breaking loss of people between July 2019 and July 2020.

As per statistics Canada, higher lodging costs are among the main elements adding to the decision of numerous Canadians to proceed living in enormous metropolitan places hardest hit by the pandemic.

The report offers a depiction of what real estate agents have been seeing on the ground for quite a long time. On account of the move to telecommuting.

Low loan costs have made purchasing a home considerably simpler. In Oshawa, which drives the country in populace growth, estate agents have seen dazzling competition.

In 2017 investors seriously competed for properties in Oshawa, purchasing numerous properties without a moment’s delay. Nowadays, the normal profile of purchasers is vastly different.

As indicated by Statistics Canada, the top five (5) communities with the most noteworthy populace growth rates are:

Oshawa (2.1 percent)

Halifax (2 percent)

Kitchener-Waterloo-Cambridge (2 percent)

Kelowna (1.9 percent)

Calgary (1.9 percent)

Others are:

Saskatoon, Moncton, Edmonton, Barrie, Belleville, Ottawa-Gatineau, London, Lethbridge, and so forth.

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