Study reveals the Region of Peel is losing millennials
Millennials are the biggest demographic cohort in Canada but it appears the Peel Region has been losing many of them.
According to a study by the Ryerson University Centre for Urban Research and Land Development, an average of 6,400 Millenials have left the region between 2018-2019.
Ontario municipalities held five of the top six spots, according to the study.
Ottawa is the top destination for Millennials moving within Canada, attracting a net of 3,100 Millennials per year between July 1, 2017, and July 1, 2018.
Other Ontario municipalities to make the top six list of Millennial destinations include Simcoe county (+2,400) (includes Barrie, Innisfil, Alliston, and Bradford), Region of Durham (+2,000), and Waterloo (1,500).
Meanwhile, according to Ryerson’s Centre for Urban Research and Land Development, the city of Toronto (-5,000), York Region (-1,800) and Peel Region (-6,400) are among the bottom 6 municipalities, losing the most Millennials on a net basis.
The study also noted that despite losing Millenials, Toronto is still the fastest-growing region across the country due to immigration.