In a recent interview with BNN Bloomberg, Alberta Central Chief Economist Charles St-Arnaud was interviewed on the long-term outlook for large Canadian cities that are increasingly struggling with a high cost of living.
The trend of people leaving large Canadian cities is already being seen in interprovincial migration data, Charles St-Arnaud, chief economist at Alberta Central, told BNNBloomberg.ca in a phone interview on Thursday.
“What we’re seeing in the data is people moving out of Ontario and B.C. simply because they can’t afford to live there,” he said.
Along with the issue of unaffordable housing, Canadians just can’t spend as much on other items when they have to pay so much for shelter, he added.
He was also featured in multiple online stories about changes to oil prices and the impact on Alberta’s economy as well as speaking to the impacts of NDP corporate tax hikes, both posted on Freshsociety.info.
Click on the links above to read more!