I have been reading about the record levels of migration to New Brunswick in the media. While it is true that the Q1 2021 inward migration number was the highest for a Q1 in recent years it is by no means the highest quarterly inward migration by a long shot. In fact, we had more move in in Q2 2020 than in Q1 2021 and back in Q2 2018 we had 84% more move in compared to the so-called record in Q1 2021.
Good analysis as always David. I don't see how the NB government's policy of no rent control will contribute to population growth. People from outside will see NB rents as the wild west, with carpetbagging investors from outside the province buying up everything in sight and doubling rents. Our own children, faced with paying Toronto rents on a New Brunswick salary, will choose to move in order to get the higher paychecks that go with higher rents elsewhere. Seniors will leave the province to move somewhere with a modicum of rent control to survive on a fixed income. No rent control means uncertainty. Uncertainty means hesitation. Hesitation means reviewing options. Reviewing options means going elsewhere. This lack of foresight will cost our province dearly.
Good analysis as always David. I don't see how the NB government's policy of no rent control will contribute to population growth. People from outside will see NB rents as the wild west, with carpetbagging investors from outside the province buying up everything in sight and doubling rents. Our own children, faced with paying Toronto rents on a New Brunswick salary, will choose to move in order to get the higher paychecks that go with higher rents elsewhere. Seniors will leave the province to move somewhere with a modicum of rent control to survive on a fixed income. No rent control means uncertainty. Uncertainty means hesitation. Hesitation means reviewing options. Reviewing options means going elsewhere. This lack of foresight will cost our province dearly.