Atlantic Canada
In July 2016 the Government of Canada, along with the four Atlantic Canada provincial governments, launched the Atlantic Growth Strategy, a strategy to stimulate economic development in the Atlantic provinces. This announcement is great news for persons interested in migrating to Canada, as the strategy includes a 3-year immigration pilot whereby up to 2,000 new immigrants and their families will be welcomed to the region in 2017.
Here is a bit of background information on the region:
Atlantic Canada’s population is approximately 2.3 million and is made up of the four most eastern Canadian provinces:
- Nova Scotia
- New Brunswick
- Prince Edward Island
- Newfoundland and Labrador
Here are a few reasons to consider Atlantic Canada:
1. The Atlantic Growth Strategy
Through the Atlantic Growth Strategy, the federal and provincial governments will work together to stimulate the economy of Atlantic Canada by focusing on five areas that will include: trade and investment, innovation, clean growth and climate change, infrastructure and immigration.
2. Growing industries
The Atlantic provinces are well-known for their seafood industry, however many of these provinces have also branched out into the following growing industries:
- Aerospace and defence,
- Business and professional services,
- Information and Communications Technology,
- Environmental technologies,
- Energy and
- Research and development
3. Affordable Housing
Atlantic Canada offers more affordable housing than in other select cities in Canada. In Moncton, New Brunswick, for example, the average price of a house is approximately $199,000, whereas the average price of a house in Vancouver is $922,000 and Toronto’s average price for a home is $640,000.
4. High Median Income
There are certain towns in Atlantic Canada that have a higher median income compared to Toronto, Montréal and Vancouver. The following list outlines the median total income for select towns in Atlantic Canada as compared to major cities in Canada:
Atlantic Towns
- St. John’s, Newfoundland and Labrador – $94,060
- Halifax, Nova Scotia – $84,560
- St. John, New Brunswick – $76,450
Non Atlantic Cities
- Vancouver, British Columbia – $76,040
- Toronto, Ontario – $75,270
- Montréal, Quebec -$75,010
Source: Statistics Canada (2014 )
As compared to some other parts of Canada, Atlantic Canada has lower housing prices, higher median incomes and its economy is poised to grow in the next few years; for these reasons it is worthwhile considering Atlantic Canada.
Are you interested in learning more about migrating to Canada?
Contact Kari Davis, RCIC at info@bisonimmigration.com or click here to book your assessment.
Please note: The information provided is for general purposes only, you should not act upon any such information without first seeking qualified professional counsel on your specific immigration matter.