Canada's Population BOOM! Historic Growth, Housing Crisis, and Economic Shifts Revealed!
In Canada, the third-quarter population growth has reached historic levels, with a quarterly increase of 431,000 people! This marks a 1.1% growth rate, the highest since 1957. The annual growth rate is 1.25 million people, or 3.2%! However, this growth contrasts with a 22% decrease in housing starts from the previous year, posing a significant challenge for government and developers amid a housing deficit and high interest rates. According to BMO, the current rate of population growth would n...