There was a rise in Canada’s population in the first three months of 2019 but it isn’t cause for celebration for the housing market. Because although there were 98,410 more people in Canada than in the previous quarter, the growth was driven by non-permanent residents. This sector gained 31,547 while the number of new permanent immigrants was the lowest for 4 years (65,959).
The overall gain was 0.3% in Q1 2019 compared to Q4 2018 taking the total Canadian population to 37,412,852. Statistics Canada says that as the ‘natural increase’ – the difference between births and deaths – is likely to continue its downward trend, population growth will likely rely on international migration. It accounted for 82.8% of all population growth in the first quarter of 2019.
Nest & Castle Inc is a leading edge real estate brokerage based in the heart of the Greater Toronto Area (GTA). We provide creative solutions and strategic advice on all aspects of the real estate industry. Our mix of conventional real estate techniques and forward-thinking technologies makes the buying or selling of your home, an easy and enjoyable experience.
