demographics
04. demographics
As Canada adds more and more permanent residents each year due to expanding immigration targets, it's the country's municipalities that are adapting to the growth.
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Canada has embarked on an ambitious immigration strategy, as we’ve discussed in the past, and as a result is experiencing record population growth. New permanent resident additions are just one piece of that immigration (along with temporary permits which we will explore next) but are the centrepiece of the strategy and the sole permit type with explicit targets. The target for 2023 is 465,000 new permanent resident additions increasing to 500,000 in 2025. So far this year we are on pace to easily surpass that number and British Columbia is once again attracting more than its share, accounting for 15% of the permits issued to-date. Where those permanent residents are settling within British Columbia has been changing over time. British Columbia’s largest metro area has seen its share of new permanent residents decline
in recent years, as newcomers are spreading out to more destinations at the margin. Metro Vancouver still attracts the overwhelming majority of permanent residents, though that proportion has declined slightly over time, with 77% of British Columbia’s share, versus 80% pre-pandemic. And while Kelowna sees most of its population growth as a result of domestic migration, international migration still plays an important role. The Central Okanagan has seen its share increase slightly from 2.0% pre-pandemic to 2.4% (again of a growing total) so far this year. Unsurprisingly, the City of Kelowna attracts the vast majority of new permanent residents, though at 93% of all newcomers to the region that exceeds its share of about two-thirds of the population of the region. That share has stayed relatively constant in recent years as well.
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