10 August 2018

“During the previous several years, it’s been growing due to higher home prices in the GTA,” – he said. “As the changes were introduced, the activity went up here, especially in the first half of 2018.”

The recent report by Altus shows that Kitchener-Waterloo and Hamilton may face a growing number of millennials.

“There’s one more reason why people leave the GTA,” – noted Altus Group’s Kruti Desai. “What you can get for about $500,000 in Barrie and Kitchener will be two or three times larger than a property in Toronto for the same price”.

Flexible working schedule often seen among millennials is also why they are attracted by this region. Many former GTA residents work in the tech sector, so they have a possibility to work from home or in co-op spaces, which become more popular in Burlington, Hamilton and Kitchener.

In addition to it, Metrolinx plans to spend $43bln for expanding the regional transit network during the next 10 years, and it will definitely support the trend of living outside the GTA and still working in Toronto.