demographics
PUTTING DOWN NEW ROOTS
The profile of people moving into metro areas and of those already residing in them look starkly different. That’s a good thing.
The main reason for Canada’s ambitious immigration is that we have an ageing population and an ageing labour force. The aim is to bring in young people to work as older Canadians retire in ever-growing numbers. But it’s not just international migrants who are moving into Canadian cities, plenty of Canadians are moving as well, either as intra-provincial (within province) or interprovincial (to another province) migrants. And regardless of the type of migrant, they are much more likely to be younger adults and labour force participants.
Here in Metro Vancouver, we attract a large number of international migrants and, at times, interprovincial migrants, while we generally see a net loss of intra-provincial migrants. Regardless, the age profile of movers to Vancouver is remarkably similar to other markets in BC, with 57% coming in the 20 to 34 age group, which accounts for just 24% of the resident population. Conversely, just 6% of movers are over the age of 55, which accounts for 30% of the local population. With the aforementioned ageing population, the profile of younger movers is important for labour force growth.
THE YOUNG AND THE RESTLESS
30%
25%
Movers between ages 20-34 57%
20%
15%
10%
5%
0%
AGE GROUPS
POPULATION MOVERS
SOURCE: STATISTICS CANADA. TABLE 17-10-0135-01 & 17-10-0136-01 DATA: AGE PROFILE OF RESIDENTS & MOVERS, METRO VANCOUVER, 2022
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