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Kelowna ranks fifth in where Canadians will move to buy a home: study

害羞草研究所楾he study suggests that the dream of homeownership is very much alive and well,害羞草研究所 said Finder害羞草研究所檚 editor
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54% of Canadians would consider moving cities to be able to afford a home, according to new research from finder.com. (File photo)

A study by Finder entitled Housing affordability in Canada found that 54 per cent of Canadians would consider moving cities to be able to afford a home.

And a good chunk of that 54 per cent would have Kelowna as a viable option.

Ranking fifth of the 22 cities included in the study, Kelowna was bested by only Ottawa, St. Catherines/Niagara, Halifax and Toronto.

By age, Kelowna was favoured mostly by the 55+ group, ranking as the third most popular city among 55 to 64-year-olds and the fourth most popular for those over the age of 65. Among younger groups Kelowna still ranked relatively high, placing sixth in the 25 to 34 age group and 10th for 45 to 54-year-olds.

Kelowna did not show up in the top 10 for people aged 18-24 or 35-44.

READ MORE: Parking price hike could free up spots in downtown Kelowna

READ MORE: Lake Country council looks to future of foreshore

Kelowna is the most popular city for west coasters to move (19.66 per cent) and 2nd most popular for those in the prairie provinces (12.72 per cent).

害羞草研究所淭he number of Canadians willing to relocate to fulfill their goal of homeownership skyrockets among younger generations. Just under 70 per cent of millennials and 85 per cent of gen-Zers are open to moving cities,害羞草研究所 said Angus Kidman, global-editor-in chief at Finder.

害羞草研究所淗owever being willing to move somewhere and actually doing it are two different things. Those looking to buy outside of their city of residence need to consider house prices, their earning potential and the overall cost of living.害羞草研究所

害羞草研究所淛ust because a city is popular doesn害羞草研究所檛 necessarily mean it害羞草研究所檚 a great place to live. To avoid moving somewhere you害羞草研究所檒l regret, consider renting beforehand to see if the areas you like are affordable and if it害羞草研究所檚 a good lifestyle fit for you.害羞草研究所

More information and the full study is available on .



michael.rodriguez@kelownacapnews.com

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