Canadian metros have seen rapid population growth over the last few years, but that is expected to come to a halt in 2025. After incorporating the new Immigration Levels Plan, we are downgrading our view of all Canadian CMAs in terms of population, employment, and GDP over the short and long term.

What you will learn:

• Net migration to Canada’s cities has ramped up to record highs over the last three years. This increase was driven by an influx of both new permanent and non-permanent residents, with the latter forming the majority, prompting discussions about the economic benefits vs. costs of rapid population change.
• Population growth has been strong all over Canada, but it has been most prominent in Alberta, led by international inflows while also heading domestic migration patterns. This is partly due to the current health of its economy, and partly the advertising campaigns bringing in people with the lure of high paying jobs, relatively cheaper housing, and tax credits for tradespeople.
• The major cities of Canada have tended to see populations rise the most, but surrounding areas have also grown strongly. These commuter cities can offer a better quality of life and more affordable housing, particularly for those now working at least partially from home.