“Interprovincial migration is not saying good things about BC’s economy.”

extraprovincial flow

- 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.
– vreaa

12 responses to ““Interprovincial migration is not saying good things about BC’s economy.”

  1. I’d also be interested in intraprovincial migration, in and out of the lower mainland.

  2. [NoteToEd: InterState'Migration' was going 'gangbusters' when that was released... SeeAlso: http://en.wikipedia.org/wiki/Great_Depression_in_the_United_States#Recession_of_1937 ]

  3. > These figures reflect (1) paucity of good employment opportunities and (2) high cost of living (especially, of housing).

    This is exactly right. I wonder how many land in BC and then bounce to Alberta/Ontario/US/… when they realize this.

    A change of almost -20.000 from 2008 to 2012. Wow.

    The CIC website has immigration numbers for BC at http://www.cic.gc.ca/english/resources/statistics/facts2012-preliminary/02.asp. They’re trending down quite significantly as well (apart from the +1400 in 2012 already mentioned).

    2008 43,993
    2009 41,439
    2010 44,188
    2011 34,787
    2012 36,176

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