December 26th, 2023 at 05:56 am
Population growth in Canada is at its peak as a result of immigration
The pace of population growth in Canada is at its highest point as a result of immigration. Statistics Canada recently revealed that the country’s population had reached an all-time high, totaling a staggering 40,528,396 people. This number comprises those who were citizens or residents of Canada as of October 1, 2023.
Immigrants are driving Canada’s demographic boom.
This discernible increase is equivalent to an increase of 430,635 individuals, which is approximately equivalent to a growth rate of 1.1 percent since July of this year. In addition, this increase appears to be the biggest in any quarter since 1957, and the population of Canada increased by 1.2 percent in the second quarter of the year. When those events occurred, the population of Canada was approximately 16.7 million on average. Baby births that occurred following the war era and the influx of refugees that occurred after the Hungarian Revolution in 1956 were the factors that led to the growth rate being implemented.
The first nine months of 2023 have seen the largest population growth, with a total of 1,030,378 people added to the current population. It is important to remember the enormous growth rate that was observed in 2022.
International migration drives Canadian population growth the most.
During the third quarter of 2023, international migration was responsible for 96 percent of the additional population that was experienced. Significantly contributing to the growth was the natural consequence, which accounted for the remaining four percent. This suggests that there is a difference between the number of births and the number of deaths.
As a result of Canada’s growing elderly population, it is highly expected that the natural population growth rate will continue to be relatively low in the years to come. It is also possible that it is low because of decreased fertility rates and a significant increase in the number of incoming immigrants.
107,972 people were considered to be immigrants in Canada during the third quarter of 2023. This is in addition to the fact that immigration hit an all-time high of 79.8 percent between January and September of 2023, which corresponds to around 371,299 individuals. On the other hand, the IRCC established a target of 465,000 newcomers per year in 2023.
The number of non-permanent residents that Canada welcomed in the third quarter alone was 312,758, breaking the previous record it had set. The quarterly statistics that Canada has collected on non-permanent residents since 1971 reached a new high with this data, making it the highest it has ever been.
Specifically, this increase can be attributed to the rise in the number of people who have work and study permits. There was an increase in the number of people applying to be refugees.
Canadian Provinces Experiencing Population Increments
Almost all of the provinces and territories, with the exception of the Northwest Territories, had large increases in their populations. It is noteworthy that the third quarter of 2023 witnessed population growth that was higher than the average rate for the entire nation. The percentage was 1.3 percent in Alberta, while it was 1.2 percent in both Prince Edward Island and Ontario for each province.
In terms of interprovincial migration, it seems that Alberta was the only province that had a statistically significant increase. The third quarter of 2023 demonstrates this, with a surge of 17,094 in the number of transactions. Additionally, for the fifth time in a row, this quarter ended up including net gains that totaled around 10,000 dollars. An indication of a tendency that has not been observed since 1971 is provided by this.
The interprovincial transactions that have taken place between British Columbia and Ontario have been responsible for the majority of the profits that have been made in Alberta. On the other hand, British Columbia has been forced to fight against its losses as a result of migration between provinces since the year 2023. Throughout the course of five successive quarters, the difficulties persisted.
Nevertheless, since the first quarter of the year 2020, Ontario has experienced a net loss in the number of people migrating between the provinces. In spite of this, the company experienced a minute net loss in the third quarter of 2023. In contrast to the surge that occurred during the COVID-19 pandemic, the Atlantic provinces saw either a negligible or negative net migration between their respective provinces. The reduction in the number of people moving from Ontario to the Atlantic provinces was the primary reason behind this.
Latest Immigration Levels Plan 2024-2026
On November 1st, 2023, Canada presented its most recent comprehensive strategy for immigration levels. The number of new permanent residents (PRs) who must be granted permission to enter Canada within the next three years is outlined in this plan. In most cases, immigration will take place according to one of three categories: economic, family, or humanitarian.
Through the year 2024, Canada anticipates welcoming 485,000 additional residents into the country. The years 2025 and 2026 will be the years in which this nation will enthusiastically welcome 500,000 new residents. In addition, Canada will be prepared to receive 281,135 new immigrants who arrive from economic-class backgrounds. It is expected to constitute 58 percent of the annual objective by the year 2024. This amount is projected to considerably climb to 301,250 new immigrants by the year 2026, which will represent sixty percent of the current yearly objective.
To be more specific, the admission targets for the Provincial Nominee Program and Express Entry are getting ready to increase. The admission target for Express Entry remains unchanged at 110,700 permanent resident admissions in the year 2024. In the years 2025 and 2026, this number is projected to gradually increase to 117,500 annually. A total of 110,000 newcomers will be welcomed into the Philippine National Police by the year 2024. The target number of new immigrants to be admitted into the country will increase to 120,000 by the year 2025. By the year 2026, it will have increased even further to 120,000.
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