Canadian homebuyers escaping high housing costs by moving to secondary cities

In British Columbia, exurbs have grown in the Hope Valley and Kamloops

Danielle Bacci’s favourite part of her move to near Windsor, Ont., is the lack of traffic along her 15-minute commute to work in nearby Leamington.

The 26-year-old bank employee and her partner left Toronto and bypassed the suburbs of the GTA for the affordability of Kingsville, Ont.

“We decided if we’re going to go somewhere far we wanted to kind of go somewhere dramatically far where we would change our jobs and everything because we didn’t want to keep with our jobs and have a longer commute just for lower housing costs,” she said.

Bacci is among the growing number of first-time homebuyers relocating long distances to escape the high cost of big-city housing.

Kingsville’s 360-kilometre distance from Toronto allowed Bacci and boyfriend Andre Portovedo to put their savings towards a house instead of a one-bedroom condo.

“Here we got a 1,500 square-foot semi-detached house for less than what the condo cost,” she said in an interview.

While some friends have relocated to Hamilton or Barrie, others are renting in Toronto to save for the required large down payment.

Being the first in their circle to move to Windsor area has sparked some interest among friends and family.

“I think us moving put Kingsville on the map for some of our friends and I know Andre’s parents are thinking of maybe moving out here, especially because their house would get them probably three houses out here,” she said.

The move to towns near secondary municipalities — called exurbs — that are beyond reasonable commuting distances from large urban centres, has been gaining in popularity, says Phil Soper, CEO of Royal LePage.

“If they choose community and lifestyle over ‘urban excitement’ and access to certain jobs, many of them are skipping the suburbs right now and going farther afield,” he said in an interview.

Eight of the 10 fastest appreciating Canadian exurbs are in Ontario, led by areas surrounding Windsor, London, Kitchener-Waterloo-Cambridge, Kingston, Niagara/St. Catharines, Hamilton, Belleville/Trenton and Guelph, he said.

READ ALSO: UBC prof says report citing $89B home equity loss a ‘grassroots movement of the rich’

In British Columbia, exurbs have grown in the Hope Valley and Kamloops regions outside of Vancouver.

Canada is a suburban nation with three-quarters of its population living in the suburbs in 2016, said a Queen’s University report based on a review of that year’s census.

Auto dependent suburbs grew 17 per cent between 2006 and 2016 and exurbs grew by 20 per cent.

Businesses are also accommodating this migration by opening offices and using technology that allows knowledge workers to locate just about anywhere, said Soper.

Establishing roots in a new hub comes as a recent survey found that a majority of buyers in the country’s three largest real estate markets worry that their down payment won’t stretch far enough.

Two-thirds of Torontonians say they feel the anxiety, along with 58 per cent of Vancouverites and 60 per cent of Montrealers, according to the poll released by residential mortgage insurer Genworth Canada in collaboration with Royal LePage.

High housing costs are also prompting more adult children to live at home, delaying downsizing by their parents.

Faced with high costs to relocate in the city, these baby boomers are also looking to follow their offspring to these secondary cities, he said.

“This is actually a very good thing because we’ve got housing shortages in our big cities like Vancouver and Toronto and it will provide something of a safety valve.”

Millennials are responding to the lure of lower prices, says Christopher Alexander, executive vice-president of ReMax.

“They’re looking for whatever they can afford and the good news is a majority of millennials still see home ownership as a good investment and they’re doing what they can to get into the market and start building equity,” he said.

“So if they can find work in another city where they can afford to buy they’ll do it.”

Ross Marowits, The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Okanagan-Shuswap Weather: Heat, sun and a chance of thunderstorms for Father’s Day

Morning pancake breakfasts and fishing derbies across the region will see sun, showers may follow.

Dedicated Girl Guide leader recognized with Sovereign’s Medal for Volunteers

Maryann Brock has volunteered with Girl Guides for 37 years

$30,000 donation for outdoor classroom in Salmon Arm to honour beloved teacher

Funds from Armstrong Regional Co-op to go to the Shannon Sharp Learning Circle

Okanagan-Shuswap weather: Sun and heat continue Saturday

Environment Canada forecasts highs of 30 C throughout the Okanagan Saturday

New South Shuswap community park proposed for Blind Bay

Regional district proposes the purchase of 9.5 acres now known as Centennial Field

10 facts about Father’s Day

Did you know that the special day for dads was first celebrated in 1910?

South Okanagan pharmacy restricted from dispensing opioid treatment drugs

B.C. College of Pharmacists alleges Sunrise Pharmacy dispensed treatment drugs against rules

Police seek two suspects and car after stabbing in Kelowna

The stabbing took place on Friday evening on Wilson Avenue. It sent one man to hospital.

Okanagan pitcher tosses second no-hitter of season

Vernon’s Jarod Leroux has two no-nos in his last three starts for the BCPBL’s Okanagan Athletics

B.C. VIEWS: When farmland protection doesn’t protect farmers

Secondary residences aren’t mansions, families tell Lana Popham

Letter: Writer argues biosolids will damage water, soil

Turtle Valley residents lost the first battle with Nutrigrow/Arrow Transport when our… Continue reading

PacificSport and SportHealth team up to subsidize physiotherapy for members

The partnership is touted as the first of its kind in Salmon Arm

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Summerland ready for dry summer conditions

Province has declared Level Two drought, but Summerland has not increased watering restrictions

Most Read