January 15, 2020, by Mira Miller
According to the report on Canada’s population estimates, Toronto saw a record loss of 50,375 people between July 1, 2019, and July 1, 2020, as a result of more people moving out of the city to other regions rather than moving in.
“The desire to live outside the largest urban centres was also reflected in the rapidly increasing housing costs in neighbouring real estate markets, a trend that has continued despite the pandemic,” notes the report.
“Personal health, the ability to work remotely, and higher housing costs are among the most important factors contributing to the decision of many Canadians to continue (or to no longer continue) living in large urban centres hardest hit by the pandemic. Whatever the exact reasons, urban sprawl is an important trend to monitor.”
Overall in Canada, despite lower international migration due to travel restrictions, international migration accounted for the vast majority (90.3 percent) of the growth in the census metropolitan areas (CMA), while it accounted for just over one-third of the population growth in other regions of the country.
What does this mean?
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