Employee relocation landscape changing

Workers concerned about value they will get for their homes in light of economic uncertainty
By Tim Verbic
|Canadian HR Reporter|Last Updated: 05/15/2008

So far in 2008, the volume of corporate relocations in Canada has kept pace with the strong level seen last year, thanks in part to steady real estate values, a strong Canadian dollar and the revenues being generated from high-priced commodities, including energy, grains and precious metals.

However, the pace of relocation may change due to the economic slowdown in the United States. In Canada, labour shortages continue to be the norm in provinces such as Alberta, Saskatchewan and British Columbia while Ontario and Quebec are facing surpluses in their traditional labour sectors. These conditions make for a diverse labour market and, consequently, pose challenges to employers in developing effective relocation policies. Below is a look at some of the factors currently affecting relocation.

The changing values of residential real estate