demographics
04. demographics
British Columbia is projected to experience robust population growth over the next decade. This will have implications for how its metro areas accommodate the additions.
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The record-setting population growth in Canada and throughout British Columbia has already had major implications for housing in our local communities (later, we’ll explore how our housing supply has not been able to keep pace to-date). Beyond that, we also have to consider future population growth and for that we look to population forecasts from BC Stats. The provincial statistical agency has produced what can only be described as a "robust" outlook for population growth over the coming decade, one driven by high levels of net international migration continuing in the short-run—something that federal policy is looking to curtail.
Greater Victoria's population is projected to grow at a slightly slower pace over the next 10 years, expanding at 15%. This would be less than the 19% growth over the past ten, and would add almost 71,000 people to the region (compared to almost 77,000 over the past decade). The recent trend of explosive growth on the West Shore and specifically in Langford is expected to intensify over the next decade. In fact, more than two out of five additions (42%) are expected to come to Langford alone. This growth will require increasing the pace of housing construction, alongside transportation and infrastructure expansion to meet the needs of the population.
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