Quote:
Originally Posted by someone123
How do you know the numbers aren't blips? The overall numbers are small and sample sizes tend to be small with large variation from quarter to quarter.
I find there tends to be a negative bias in how numbers for the Maritimes are interpreted. Isn't BC in the negative too (went from being negative to less negative), with no similar interpretation?
I think part of what's happening is there's so much immigration that housing prices have gone up in a lot of places and housing arbitrage isn't as enticing. But in this context there's still rapid population growth around the country (NS up around 3% year over year) and if some places had less growth the arbitrage options would return. It's not like the 90's or 2000's at all, and Alberta housing is likely to get more expensive too if this continues.
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No I am not biased against Nova Scotia at all, it's almost like my second home, all my friends are there and I go every year at least once. The numbers could absolutely be a blip, I am not saying anything other than these numbers surprised me. The numbers are quite a bit larger than a blip would suggest, but that's just my thinking. I have studied demographics for years, and these back and forth movements are very telling. Ignoring it or dismissing it as insignificant would be foolish; whether it's some dark signal of doom to come (lol I am being dramatic for effect, I don't think this) or just a mathematical anomaly, it deserves attention to see if there is any more to it. This article for instance said:
New N.S. population data shows end to years-long interprovincial migration trend
This week, Statistics Canada published figures from July to September showing net interprovincial migration to be flat for the first time in eight years, indicating as many people moved away from Nova Scotia as arrived from other provinces.
Nova Scotia has strained under its population growth of recent years, with house prices that rose swiftly, low apartment vacancy rates, and a stretched health-care system where tens of thousands are without a family doctor.
During the pandemic, Nova Scotia was viewed as a safe haven from COVID-19, particularly compared to places like Ontario, while work-from-home policies and dreams of a different lifestyle prompted thousands of people to pack up and head east.
But not only has that rush eased, there's even been a small reversal, according to consultant Amy Grady of Thompson's Moving, which is based in Dartmouth, N.S. She said her company is now moving some families back to Ontario.
Some are bored with the slower pace of Nova Scotia, she said, and want the entertainment life of Toronto. Others fear they are missing out on job perks by working remotely, cite concerns with Nova Scotia's health-care system, or who find themselves in a city with quickly escalating rents.
"There are people living in Halifax in apartments who are paying just as much as they would in Toronto, with less benefits," Grady said.
The article also says take the numbers with caution, as well all agree, this isn't a dig at NS... I also agree that the insane interprovincial numbers of the last few years was nuts and unsustainable, so much, so fast, and such a 180 from the norm. So obviously some corrections will happen (ie. the "small reversal" part mentioned in the article). Nothing groundbreaking there, there is almost always some reverse migration correction when there is a huge movement like ON to NS over the last few years. There was always bound to be people who made the move based on some romantic Maritime fantasy and was never going to work out. They liked the quaintness of NS, they liked their cash out from Toronto real estate, and the urban resentment brought on by Covid. But there would be a good chunk who miss part of the lifestyle there, etc. etc. So again, nothing to panic about, normal adjustments.
And yes of course BC is in the negative, no denials here, I wasn't claiming BC was winning at interprovincial migration and that NS was a mess lol! The fact that BC is in the negative is entirely due to Alberta. When AB is down (ie. 2015-2021), BC benefits the most. And when AB booms, it drags BC down (as it does with many provinces). That's my point, the lure of AB is still there, despite other regions not being basket cases, there is still a long list of pulls to AB that other provinces have a hard time competing with. AB just has to be marginally better than everywhere else, and the people pour in. That's why I'm saying don't ignore sharp changes in migration, especially when it's clear AB was responsible for pulling down NS's numbers, this is just a mathematical fact. And lower ON in migration, but mostly the AB factor.
Here's another tidbit. In Q2 2022, BC record net interprovincial migration of +8,459, the highest in the country, and far above AB's gain of +3,352. The very next quarter, BC swung to a net loss of -5,011. AB meanwhile skyrocketed to +17,626! Talk about massive swings! I knew then it wasn't a blip, there had been clues that AB was about to go back to massive in migration, anyone with a background in economics, some demography, stats, could piece the picture together. I am not saying as fact that any of this is applicable to NS at the moment, but don't take my first post as biased or negative on the Maritimes, I just think it's more relevant than you think, and could be the switch back to more noramal interprovincial numbers going forward