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Originally Posted by ssiguy
Has anybody checked out the Canada Pop Clock lately?
2 years ago it was showing daily growth of over 3,000 a day and now is hovering between 10 & 20 and if recent releases are any indication, these paltry numbers are a big over estimate. Canada's population is falling very fast and probably faster than what Ottawa planned for. This nothing but good news especially for our young people who won't have to compete with cheap foreign labour all while rents drop.
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The population clock is completely unreliable. IIRC, the clock is based on the prior provincial population census stats for preceding quarter.s Even now, it's quite conceivable (and probable) that Canada will once again lose people for the final 3 months of 2025.
In that case, the population clock should reflect that, which it is not doing.
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Canada needs at LEAST another 200,000 person shrinkage before we can bring some form of normalcy back to our housing sector.
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I would not place a number on how many people we should/should not have to impact housing significantly. I would be more inclined to believe Canada should accept less people here, then the norm for a couple of years, until we eventually revert back to pre-pandamic levels. A good ballpark figure should be a 1% growth annually, and since Canada's population is not growing without immigrants, we should aim for 410,000 new Canadians per year.
PS....Canada's population is not "falling very fast." The people leaving are non-permanent residents that had either temporary work permits or study visas. So really, it's a stretch to call them "Canadians." They are Indians who happen to be residing in Canada on a temporary basis.