Toronto, June 24 -- As homeownership remains out of reach for many residents of Canada's largest cities, a growing number of Canadians are to relocate to one of the country's most affordable housing markets if job opportunities allowed.

Among respondents in the Greater Montreal Area, Sherbrooke emerged as the most attractive relocation destination, with 29% saying they would consider moving there. Edmonton was the top choice among respondents in both the Greater Toronto Area (16%) and Greater Vancouver (18%).

"As barriers to entry remain high in the country's most expensive urban centres, relocating to a more affordable city is becoming less of a last resort and more of a deliberate strategy," he added.

The survey found renters were mo...