More than 5,000 Canadians left BC for Alberta last quarter. Here’s why:

Real Estate Stats, Real Talk with Corbin | February 7, 2024 | written by Corbin Chivers

🚚 More than 5,000 Canadians left BC for Alberta last quarter, marking it the fifth straight quarter where more people have left BC for other provinces than arrived here from other provinces.

πŸ’‘ ReMax suggests a reform of our tax laws, specifically in Vancouver, if the BC government wants to persuade people to stay.

πŸ€” While I agree with this, I can’t help but wonder if it’s too late? With the average home price in BC more than twice that of Alberta, would saving on your transfer tax really keep you here?

πŸ“ˆ In my experience, I’ve had more clients leave our province for Alberta than in the past 4 years. Whether it was price or politics, that trend seems to only be speeding up.

πŸ’¬ But I’m curious to know what you think. Please send us an email about your thoughts!

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