Market IntelligenceEconomy

the rennie brief - Canada Sees Fastest Population Growth on Record

 

Jan 07, 2019

Written by 

Ryan Berlin

SHARE THIS

The latest population stats for Canada have been released with key insights compiled by rennie intelligence. The story of population growth will continue to have major implications for the real estate market moving forward: 

  • Canada’s population saw the largest quarterly increase in 48 years - between July and October 2019, Canada’s population grew by more than 183,000 residents.
  • BC's population grew by 24,312, one of the largest quarterly increases since the mid-1990s (when tracking began).
  • BC is now home to more than 5 million residents.
  • The predominant driver to this increase nationally and provincially was strong international immigration of skilled labour to meet the demands of the growing job market.

What does this mean for BC's real estate market? With this latest growth being predominantly skilled labour, these changes will have implications for real estate. As the Lower Mainland accommodates an average of 90% of BC’s immigrants, this will be particularly relevant in this region. This underscores the need for everyone - from all levels of government to individual households - to understand the evolving landscape of housing demand and supply and the forces that continue to drive it.

Learn more about Canada's population growth in the rennie brief.Our rennie intelligence division empowers individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

Written by

Ryan Berlin

Subscribe to weekly market insights

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.

Related

blog-feature-media-cm881ob66aalo07tycqyg2aut
migration in motion: bc's biggest population trends in 2024
Major shifts in longstanding international and domestic migration patterns in Canada have substantially altered the way our population has been growing. This has led to some notable changes in BC's largest metropolitan areas.

Mar 2025

Article

12mins read

blog-feature-media-cm7mmey3793zj07u2le91iz8f
three record-breaking takeaways from today’s homebuyers
The profile of today’s homebuyers has changed in just a few years: they’re older, earning more, and making different choices about where they live.

Feb 2025

Article

3mins read

  • Find a Home

rennie & associates realty ltd

copyright © 2025 rennie all rights reserved

By using this website, you agree to our Privacy Policy and Terms of Use.

do not share or sell my personal information

California DRE #02248150

MLS® Reciprocity

Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.