New national census figures released by Statistics Canada last week contained some intriguing revelations about the country’s current demographics – not least where its housing and mortgage markets are concerned.
The headline news from the census was the fact that the working population in Canada is older than it’s ever been, with more than 20% of the country’s working-age adults now approaching retirement.
The rapidly aging nature of that workforce will undoubtedly put the onus on increased immigration to support the country’s labour market as the federal government plans to welcome over 1.3 million new Canadians by 2024.
