Climate change to spur higher demand for Canadian real estate: report

The global climate crisis is shaping migration and strengthening long-term demand for Canadian real estate, according to a new Concordia University and Equiton Inc. report.

The study, The North Effect: Climate Resilience of the Canadian Real Estate Market, finds that Canada’s relatively moderate climate is increasingly appealing to immigrants from countries highly exposed to climate-related risks, including wildfires, floods, and heatwaves.

This trend, the titular “North Effect,” suggests that warming in Canada’s northern regions may moderate extreme conditions and, in turn, enhance the country’s attractiveness to newcomers.