Monday, March 27, 2023 / by Matthew Daniel Tamburello
Real Estate Investors: Canada’s Record Population Growth Needed, But Expect Stress And Inflation!
Matthew Daniel Tamburello
Team Leader & Broker
647-697-6743
matthew.thetamburelloteam@gmail.com
Canada continues to outperform its peers for population growth. Statistics Canada data shows record population growth in 2022. The increase was driven entirely by immigration, with most of it “temporary” labor. One of the country’s Big Six banks believes the boom is needed to help the country’s long-term labor market issues, but first, it’ll add to infrastructure stress and inflation.
Canada Hit A New Record For Population Growth
Canada’s population ripped higher—entirely due to immigration. Population estimates rose 0.7% (273.9k) to 39.6 million people. That puts the estimate 2.7% (1.1 million) higher in 2022. The country has never seen such a rapid increase in population.
Temporary Immigration Is Driving Canada’s Population Growth
Canada’s race to be the fastest-growing G7 country depends entirely on immigratio! ...
