“Net migration patterns over the last two years could not be more clear: more Canadians are moving to Alberta,” writes TD Economics in their recent June report. Alberta was one of only two provinces to record net population gains in 2012, the other province being Saskatchewan.
Alberta saw its net interprovincial migration tally (102,000 in-migrants less 56,000 out-migrants) come in at just under 46,000 in 2012 – accounting for 1.2% of its population. In fact, Alberta has not experienced a net loss since 1994.
Where is everyone coming from? Aside from Ontario, due to its larger population accounting for most of the migration across Canada, the bulk of new interprovincial migrants in Alberta came from Saskatchewan (11%) and British Columbia (30%)
Both Alberta & Saskatchewan have posted the strongest recoveries since the recession, have the tightest labour markets with unemployment rates the lowest in Canada and their real per capita incomes are higher relative to the rest of the country.
It’s no wonder many Canadians are drawn to our prairie provinces. It also goes without saying -but I’ll say it anyways- this bodes well for the housing industry here.
You can download TD’s report here: Interprovincial Migration Shifts In Canada