CAM May/June 2022

Page 12

Who calls Canada home? 2021 Census data paints a picture of the Canadian resident Conducted every five years by Statistics Canada, Census data provides critical insight into key socioeconomic trends impacting future planning and housing-related needs.

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ast completed in 2016, the new release sheds light on the impacts the pandemic had on Canada’s demographic makeup, with most of the population growth attributable to immigrants who came here to start a new life prior to the pandemic. Since the last Census, 1.8 million more people have been calling Canada home, with 4 out of 5 being new arrivals from other countries. 12 | Canadian Apartment | Part of the REMI Network |

Ages & stages As baby boomers are getting older and immigration continues to boost numbers in the younger generations, these population changes will have considerable impact on the labour market, services aimed at seniors, and the consumption of goods and services. For the first time since the baby boom era, those born between 1946 and 1965

(aged 56 through 75 in 2021) make up less than a quarter of the Canadian population compared with 1966 when this under-20 segment represented 41.7 per cent of the population. Millennials—those born between 1981 and 1996, and aged 25 to 40 years old in 2021— are the largest and fastest-growing cohort, having risen 8.6 per cent between 2016 and


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