Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957.
Canada’s population grew by more than 430,000 during the third quarter, marking the fastest pace of population growth in any quarter since 1957.
Most of this (313k) is temporary work visas and student visas according to the article and makes sense given the absolute collapse of these numbers during COVID and the fact that applications for school often happen a year out, last year was the first year for any new international students, this year is the first “normal” year.
It’s also worth noting, this is around 2.4% growth in the population annually, so while the absolute number is high(bigger population, bigger numbers) the percentage growth is actually not that high compared to historical norms.
https://datacommons.org/tools/timeline#&place=country/CAN&statsVar=GrowthRate_Count_Person
That doesn’t mean it isn’t causing problems for Housing. It absolutely is, but if you take away international students our education system will collapse since Canada is a massive exporter of education and we use it to fund domestic students.