Canada’s Record Population Growth in 2023
According to recent data, in 2023, Canada experienced a significant increase in its population, adding 1.27 million people, marking a 3.2% growth from the previous year. This surge represents the highest demographic growth for Canada since 1957.
Main Drivers of Population Growth
The population of Canada reached a record high of 40.77 million in 2023, with temporary immigration identified as the primary factor contributing to this growth, as reported by Statistics Canada.
Immigration Trends in Canada
In 2023, 97.6% of Canada’s population growth stemmed from international migration, including both permanent and temporary immigration, while the remaining 2.4% resulted from natural increase, according to Statscan.
Indian Immigration to Canada
Indian migrants constitute a significant portion of Canada’s immigrant population, with over 120,000 Indians settling in Canada as permanent residents annually. This has led to Canada being home to one of the largest Indian diasporas globally.
- Between 2013 and 2022, the number of Indians immigrating to Canada more than tripled.
- The number of Indians obtaining permanent citizenship in Canada increased by 260% from 2013 to 2022.
- In 2023, due to tensions between India and Canada, the number of study permits for Indian students decreased by 41%.
Impact of Immigration Influx
The influx of immigrants in Canada has been associated with a housing shortage, leading to a decrease in affordability and a rise in house prices. This situation has also affected Prime Minister Justin Trudeau’s approval ratings.
Economists and the Bank of Canada have noted that population growth has influenced Canada’s gross domestic product (GDP) per capita and productivity levels.
