With the recent removal of COVID-19 restrictions, the Canadian job market is finally starting to recover from the effects of the pandemic.

The hot job market, coupled with the increase in remote work options, is leading to an increase in the number of people seeking to relocate to cities that offer a balance between good salaries and a better lifestyle.

Today in The Conversation Canada, Hoda Khalil, Gabriel Wainer and Kevin Dick from Carleton University take us through the results of their recent study on the Canadian job market during the pandemic.

Their findings show that Canadians are likely to start moving to cities with higher salaries and lowerer costs of living, like Saskatoon and Edmonton. The Bank of Canada's recent interest rate hike is expected to cool down the housing market, making the decision to move seemingly easier than ever.

However, Khalil, Wainer and Dick caution Canadians against uprooting their lives to move across the country. They explain that when the economy is unstable, as it is at the moment, recently hired people tend to be laid off first.

Instead of making risky financial decisions, they recommend Canadians focus on reducing their expenses by paying off debts and delaying large purchases in anticipation of the coming recession.

Also today:

All the best.

Eleni Vlahiotis

Editor

With the increase in remote work options, workers and their families are seeking to relocate to cities that offer a balance between good salaries and a better lifestyle. (Shutterstock)

Canadians are relocating for jobs amid steep inflation and low unemployment

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China is posing many challenges to the Indo-Pacific region in 2022. How should Canada and Australia respond?

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