People Are Leaving Canada’s Biggest Cities Amid a Housing Crunch
- Toronto exodus nears 100,000 as home prices reach peak
- Montreal, Vancouver also seeing tens of thousands depart
A condominium building under construction in Toronto.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable housing elsewhere.
Toronto, the country’s biggest urban center, saw nearly 100,000 people leave the area, with 78% choosing to settle in other parts of the province over a one-year period to July 1, according to Statistics Canada data released Wednesday.