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

UPDATED: Wildfire burning near Taylor Flats in the Alberni Valley

Fire is located close to Highway 4 near Sproat Lake

Alberni high school builds community with new mural

Mural was painted by students, Nuu-chah-nulth education workers

Port Alberni youth breaks neck in riverbank accident

Fundraiser has been set up for youth and his family

Port Alberni’s high school gets a rainbow crosswalk for Pride Day

Students and staff at Alberni District Secondary School celebrated the official opening… Continue reading

Port Alberni man dies in ATV accident

A Port Alberni man has died following an all-terrain vehicle accident near… Continue reading

PHOTOS: Elusive ‘ghost whale’ surfaces near Campbell River

Ecotourism operator captures images of the rare white orca

Police probe report of shooting as Raptors rally continues

There were reports of a woman being injured at the event that celebrates the team’s NBA title win

Oil and gas sector cautious as deadline on Trans Mountain decision nears

Trudeau government expected to announce whether it will approve pipeline for second time on Tuesday

Skipping school costs a dozen B.C. students chance at a new car

Cowichan’s Jared Lammi showed up and won $5,000 cheque toward vehicle, but he can’t drive

BC Ferries adds extra and late night summer sailings

Seasonal adjustments to sailing times also in effect on many routes

Man suffers burns, dog dies in fire in Nanaimo

Structure burns down on Clifford Road property in Cedar

Province comes through with funding for Charleigh Fales

Lake Cowichan toddler only one in B.C. diagnosed with CLN2 Batten disease

People throwing food at a bear in Fernie alarms conservation groups

“Approaching and feeding bears contributes to habituation,” says conservation group

Feds announce $50M strategy to fight dementia

Emphasis is on prevention and and supporting caregivers

Most Read