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Canada’s Population Surges Past 41 Million [Video]

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Prince Edward Island News

Canada’s Population Surges Past 41 Million

Canada’s Population Surges Past 41 Million | Canada Population

#canada #canadapopulation #immigrant #immigration

Canada’s population has surged past the 41 million mark, with a growth rate of 3.2% from January 2023 to January 2024, the highest since 1957. Temporary immigration largely drove this growth, with 241,494 people added in the last quarter of 2023 alone. While immigration can benefit the economy by filling labor market gaps with skilled workers, concerns about its impact on housing affordability have led Ottawa to set new limits on temporary immigration. This move is expected to alleviate pressure on the rental market and housing crisis, according to economists. Alberta experienced the largest net gain in interprovincial migration in 2023, with 55,107 Canadians moving to the province. Conversely, Ontario saw the largest net loss, with 36,197 people leaving for other regions. Nova Scotia, New Brunswick, and Prince Edward Island also saw increases in interprovincial migration, albeit at a slower pace compared to previous years.

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