Why More are Trading Hamilton for Edmonton—What This Means for Calgary
The 'Ontario to Alberta' pipeline is buzzing, with more Canadians trading high costs for the West's economic promise. Hamilton, for instance, saw a net interprovincial migration deficit in 2023/2024, with many heading to Alberta, including Edmonton, by 2026, driven by Ontario’s steep cost of living. This isn't just a ripple; it's a major current.
Alberta has been Canada's top destination for interprovincial migrants for three consecutive years, while Ontario has experienced the largest net exodus for nearly four. Calgary, in particular, has seen a significant net interprovincial migration surplus for years, topping all Canadian Census Metropolitan Areas in 2023/2024. People are drawn by job opportunities, a better quality of life, and comparatively more affordable living. Calgary consistently ranks as one of the world's most livable cities, placing seventh globally in 2023, boasting a strong job market, vibrant culture, and more sunshine than any other major Canadian city.
For Calgarians, this influx means continued economic vibrancy. Alberta's real GDP is projected to grow by 2.8 percent in 2025, surpassing the national average. Calgary's job market is dynamic, with approximately 427,000 job openings expected between 2024 and 2033, particularly in energy, finance, tech, and construction. However, such rapid growth also strains city infrastructure, an issue actively debated by mayoral candidates in the October 20, 2025 municipal election.
Good news on the housing front: Calgary's active market is moderating. By late 2025, benchmark and average home prices are seeing slight year-over-year decreases. In September 2025, the average home price was $615,005, with the benchmark declining 4.0% year-over-year to $572,800, signaling a more balanced market. Average rent for September 2025 also decreased 7.4% year-over-year to $1,897. This moderation offers a welcome breather for current residents and those considering a move to the "Heart of the New West."