Immigration to drive Canada’s population increase into 2068
August 27, 2022
By CIC News |
Statistics Canada has released its projections for Canada’s population growth spanning the next 47 years. The report states that by 2068, in a medium growth scenario, Canada’s population could reach up to 57 million people, largely driven by increased immigration.
During this period between 2016 and 2021, Canada experienced a boom in population growth and the population increased at a rate twice the speed of all other G7 countries. While this slowed through 2020 due to the COVID-19 pandemic, Canada saw a rebound in population growth in the first quarter of 2022 as it welcomed the highest number of new immigrants in a first quarter since 1990.
Immigration Levels Plan
To help maintain its population at a sustainable level, Canada’s Immigration Levels Plan has a target of over 450,000 new permanent residents a year by 2024, the highest number in its history.
Canada relies heavily on immigration to support the economy. The largest demographic of working age Canadians, baby boomers, is quickly reaching the retirement age of 65. By 2030, it is expected that nine million Canadians will have retired.
The Maritimes, Quebec, and BC to see population growth
Increasing the number of immigrants means, even in a low growth scenario, some provinces can expect to see population growth. The Maritime provinces of Nova Scotia, New Brunswick, and Prince Edward Island, and Quebec and British Colombia are likely to benefit from the increased number of immigrants over the next several years. However, the report says that in all scenarios, Newfoundland and Labrador will continue to see a population decrease.