Residents of resort communities are being compelled to leave due to escalating prices: A feeling of melancholy prevails

This article is the fifth installment of the “New Roots” series, which examines the impact of evolving migration patterns and affordability challenges on communities in Canada since the COVID-19 pandemic. In this installment, Michelle Schiewe, a 48-year-old day trader and single mother, is preparing to leave her beloved community of Revelstoke, British Columbia. Revelstoke, with …

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Economist Emphasizes Importance of Increasing Housing Supply as Immigration Numbers Hit Record High

According to Statistics Canada, Canada welcomed over 145,000 immigrants in the first quarter of this year, marking the highest number for a single quarter since 1972 when comparable data became available. Released on Wednesday, the quarterly population estimates from the federal agency show that Canada’s population continues to grow at a rapid pace. The population …

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National: Potential Impact of Rate Hikes on Housing Market Rebound

In May, Canada’s housing market experienced continued growth, but experts believe that the Bank of Canada’s decision to raise interest rates could slow down the rebound. The Canadian Real Estate Association (CREA) reported that sales increased in 70% of local markets last month. Compared to the previous month, sales activity rose by 5.1%, and there …

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