Posted on
April 11, 2022
by
Jim Stanton Broker
Michelle McNally
Michelle McNally is a news writer for Livable, specializing in buyer guides and market explainers. She is a journalism graduate of Ryerson University and a past intern of CBC News Network. Michelle is a former market specialist for Livabl's parent company, BuzzBuzzHome, where she focused on developments along the American east coast. Michelle wrote her first literary epic in Grade 8 about a zombie who loved Fruit Loops. She enjoys baking and follows too many famous corgis on Instagram.
Why a Smaller City Could Be a Good Move
Over the course of the pandemic, homeowners have been re-evaluating what they need most out of their property. For some, this has meant packing up and downsizing to a smaller city or community for greater living space, privacy, and a more relaxed pace of life.
Both statistically and anecdotally, we’ve witnessed buyers moving to the suburbs and other rural areas over the past two years. Small towns like Squamish, Wasaga Beach, Kingston, and Collingwood have been home to some of Canada’s fastest-growing populations lately, a trend largely attributed to residents moving from urban centres in search of more affordable housing, according to a report from RBC Economics.
Link to full article https://go.shr.lc/3rgBQVy
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Today the Bank of Canada raised its key interest rate 0.5%. to 1.5%.
