- the above table via e-mail from ‘JJ’, 27 Mar 2013. Thank you, JJ.
JJ adds: “Did you need another reason to be bearish on Vancouver real estate? I’m guessing not but here you go anyway. Interprovincial migration is not saying good things about BC’s economy – looks like net international immigration ticked up slightly in 2012 (+1000 or so vs. 2011) but this was more than offset by departures to other provinces.
Q4 was worse than the year as a whole and suggested an annualized rate of negative ~13,500 or something along those lines.”
These figures reflect (1) paucity of good employment opportunities and (2) high cost of living (especially, of housing). Ask any migrant.