On June 16, 2023, Canada reached an exciting demographic milestone – Canada’s population surged to an impressive 40 million!, according to Statistics Canada. This growth underscores Canada’s vibrant and diverse society and offers an exciting glimpse into the future.
Canada’s population growth is currently at a record-setting pace, showing the highest annual increase (+2.7%) since 1957. Let’s break down some key points:
- In 2022 alone, the number of Canadians rose by over 1 million. This is a first in Canadian history!
- Almost all (96%) of this growth comes from international migration, showing Canada’s global appeal.
- Every single province and territory (except for the Northwest Territories) recorded population growth in 2022.
- Canada is leading the G7 countries in terms of population growth.
The Role of Immigration
Immigration plays a significant role in Canada’s population growth. Some interesting insights include:
- More than 8.3 million people, or almost one quarter (23%) of the population, are immigrants or permanent residents – the highest proportion since Confederation.
- Canada is actively welcoming new immigrants. If the current growth trends continue, Canada’s population could reach 50 million by 2043.
Indigenous Population Growth
The Indigenous population in Canada is growing at a faster rate than the national average. Some key facts:
- The Indigenous population increased by 9.4% from 2016 to 2021.
- The 2021 Census counted 1.8 million Indigenous people, making up 5% of Canada’s total population.
This milestone offers both opportunities and challenges. One of the major challenges is the surge in housing prices, with the average price for a Canadian resale home reaching $716,000 in April. As the population continues to grow, so does the need for affordable housing.
On the other hand, Canada’s population growth presents opportunities for economic and social development. By attracting skilled immigrants, particularly in sectors like healthcare and STEM, Canada can drive its economic growth and maintain its global competitiveness.
In short, the growth of Canada’s population is a testament to the country’s dynamic and welcoming nature. As the nation heads into the future, it carries with it the promise of further growth and diversity.
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