Canada's population grows 430,000 over 3 months. What's behind the spike?
There are renewed calls for a change to Canada's immigration policy, as the country's population growth continues to soar. From July to September, Canada came close to breaking the highest population growth rate in any quarter, when it reported 430,635 new residents. Statistics Canada reported Tuesday the population increase, which reflected a 1.1-per cent growth rate in the third quarter of 2023. That was the highest population growth rate since the second quarter of 1957, when Canada’s population grew by 198,000 people, or 1.2 per cent. Housing affordability, meanwhile, hit its worst level in more than four decades last quarter, the Bank of Canada said last week. At current building levels, the Canada Housing and Mortgage Corporation predicts Canada will be short 3.5 million homes, in addition to what’s currently being built, to restore housing affordability by 2030. Global’s Sean O'Shea has the details. For more info, please go to https://globalnews.ca/news/10179377/canada-population-spike-q3/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #Canada #population
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Channel: Global News
There are renewed calls for a change to Canada's immigration policy, as the country's population growth continues to soar. From July to September, Canada came close to breaking the highest population growth rate in any quarter, when it reported 430,635 new residents.
Statistics Canada reported Tuesday the population increase, which reflected a 1.1-per cent growth rate in the third quarter of 2023. That was the highest population growth rate since the second quarter of 1957, when Canada’s population grew by 198,000 people, or 1.2 per cent.
Housing affordability, meanwhile, hit its worst level in more than four decades last quarter, the Bank of Canada said last week. At current building levels, the Canada Housing and Mortgage Corporation predicts Canada will be short 3.5 million homes, in addition to what’s currently being built, to restore housing affordability by 2030.
Global’s Sean O'Shea has the details.
For more info, please go to https://globalnews.ca/news/10179377/canada-population-spike-q3/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #population
Video length: 2:09
Category: News & Politics
315 comments
Channel: Global News
There are renewed calls for a change to Canada's immigration policy, as the country's population growth continues to soar. From July to September, Canada came close to breaking the highest population growth rate in any quarter, when it reported 430,635 new residents.
Statistics Canada reported Tuesday the population increase, which reflected a 1.1-per cent growth rate in the third quarter of 2023. That was the highest population growth rate since the second quarter of 1957, when Canada’s population grew by 198,000 people, or 1.2 per cent.
Housing affordability, meanwhile, hit its worst level in more than four decades last quarter, the Bank of Canada said last week. At current building levels, the Canada Housing and Mortgage Corporation predicts Canada will be short 3.5 million homes, in addition to what’s currently being built, to restore housing affordability by 2030.
Global’s Sean O'Shea has the details.
For more info, please go to https://globalnews.ca/news/10179377/canada-population-spike-q3/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Canada #population
Video length: 2:09
Category: News & Politics
315 comments
