Those looking to buy a Whitehorse apartment for sale should do so sooner rather than later. This is because the Yukon has seen some of the biggest growth in population out of any province or territory in Canada over the past five years. Which, is impacting real estate inventory. According to the 2021 Canadian Census data, the Yukon population grew by 12.1%. There are a number of reasons why so many people have been making the move to the Yukon. To learn more about why the Yukon has seen such a big jump in population, continue reading below!
Population Growth in the Yukon is Making Whitehorse Apartments for Sale a Good Investment.
Many families and workers are making the trek to the Yukon in search of a better quality of life. For some, this means deurbanization and cleaner outdoor living. Escaping big city life is a huge reason why people settle down in the Yukon. Pristine wildlife, gorgeous parks, and clean air are all draws to living up north.
Besides its beautiful scenery and welcoming community, the Yukon’s explosion in population is mostly thanks to the economy. Over the last little while, the economy in the Yukon has been thriving. Low unemployment rates, great COVID-19 management, and abundant job opportunities are bringing in flocks of new residents. The Yukon boasts the lowest unemployment rate in the country where only 3.3% of the population are without a job. Furthermore, industries like healthcare, education, government, and mining are all in need of employees. Another contributing factor to the Yukon’s population growth is immigration. Roughly 20% of new residents are from countries outside of Canada or migrants from other provinces/territories.
The future is bright in the Yukon! Anyone who is looking to buy real estate in this area should do so ASAP. For more information on buying a Whitehorse apartment for sale, contact us today. We’d be happy to help you find the perfect home in the Current. Check back with us next month for more information about our condo building. We look forward to working with you in the near future.