Cory Morgan: The Reason Many Canadians Are Moving to Alberta Holds a Lesson for BC and Ontario

The Lesson BC and Ontario Can Learn from Why Many Canadians are Choosing to Move to Alberta, According to Cory Morgan

April 13, 2024 TruthUSA

Commentary

Canada is currently grappling with significant economic challenges. The country’s labor productivity has been on a decline since 2016, with only Italy experiencing a sharper drop among G7 nations compared to the United States. You can read more about this issue here.

Gross domestic product (GDP) per capita figures paint a bleak picture of individual wealth in Canada. The country’s GDP per capita has decreased to US$55,000, while the United States has seen growth to US$76,000. Additionally, housing affordability has reached crisis levels in many regions, and there are deficiencies in various services from healthcare to policing, placing a burden on citizens.

The economic challenges have been exacerbated by high numbers of international migrants entering the country. In an effort to avoid a recession, the government has been admitting record numbers of international migrants. While this boosts the national GDP, it also decreases the GDP per capita and escalates the demand for products and services, creating a detrimental economic cycle.

Canadians are voting with their feet through interprovincial migration, with Ontario and B.C. experiencing significant losses in residents to other provinces. Alberta, on the other hand, has been a net recipient of over 55,000 migrants. For more information on this, you can visit this link.

Housing affordability has been a key factor driving people to relocate within Canada. Residents of Toronto or Vancouver can find housing in Alberta at a significantly lower cost. Other provinces like Saskatchewan, Manitoba, and Newfoundland also offer more affordable housing options compared to Alberta.

This trend of migration is also observed in the United States, with states like California and New York experiencing net losses in population to more conservative states like Florida and Texas. You can read more about this here.

Source link