Recent immigration trends have led to millennials outnumbering baby boomers in Canada

Statistics Canada has released a new report that shows for the first ever, more millennials are living in Canada than baby boomers.

The millennial population is at its highest level of 23%. Between July 2022 and 2023, Canada’s millennial population increased by 457,354. “exclusively due to the arrival of permanent and temporary immigrants.”

Measuring the average age of Canada’s population, it was discovered that between July 1, 2022, and July 1, 2023, the average age in Canada fell from 41.7 to 41.6. This drop may not seem significant, but it is the first since 1958. That was the height of the baby-boom.

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The report attributes the demographic change to immigration. For example, Another Statistics Canada release is scheduled for December 2023 found that between July and December 2023, Canada’s population increased by 430,635 people. About 96% of the growth was due primarily to immigration.

Further, data from 2022 shows that immigrants accounted for 23% of Canada’s total population and that 95.8% of immigrants who arrived in Canada between 2016 and 2021 were under 65 years old and 64.2% were in their core working years (25-64).

Wave of younger immigrants

Immigration to Canada has been increasing for years. Canada welcomed 471,550 permanent residents, a record number.The 2022 record of 437,000 permanent residents will be exceeded. This does NOT include the number of non permanent residents (NPRs), such as International studentsThe following are some examples of how to get started: Temporary foreign workers.

The report found the majority of NPRs arrived in Canada between 20-24 years old, which means that this age group accounts for 22 percent of the Canadian population. One in five people of this age group was an NPR.

This age group is most commonly associated with international students, even though it does not specify the type or visa. According to ICEF Monitor’s study permit database, there will be 1,040 985 international students with active permits in Canada by 2023. That is a 29% rise over the previous years.

The recent Statistics Canada report also showed a 6.4% population growth of 30-34 year old’s in Canada, twice as high the growth rate for the overall population (2.9%).

Canada’s aging population

The Atlantic provinces were found to be home to Canada’s oldest population. The Atlantic provinces were found to be home to the oldest population in Canada. Newfoundland and LabradorHad the “highest average age (45.7 years) and the highest proportion of people aged 65 years and older (24.4%).”

New BrunswickThe following are some examples of how to get started: Nova Scotia, the average age of the population was found to be 44.4 and 44.8% respectively.

In contrast, AlbertaA population with an average of 39.1 years old, while ManitobaThe following are some examples of how to get started: Saskatchewan weren’t far behind at 39.3 and 39.7.

Immigration levels in Canada

Every year Immigration, Refugees and Citizenship Canada(IRCC), releases an Immigration Levels PlanThis document outlines the number and type of permanent residents that the country will be welcoming in the next year, as well as the notional targets for two years.

This year Canada plans to accept 485,000 new permanent residentsThe target will be 500,000 by 2025, and remain the same for 2026.

Recent polls have shownCanadians are concerned about the high level of immigration to Canada. However, the Statistics Canada study noted that 18.9% of Canada’s population was aged 65 and older as of July 1 2023 and it is expected to continue rising, resulting in over nine million Canadians over 65 years old (retirement age) by 2030. The combination of this and one of the lowest fertility rates in the world means that there aren’t enough Canadians to keep our economy afloat.

As more Canadians retire there will be fewer workers who can pay income tax during a period when social spending is high on healthcare and other support for seniors. Canada has been increasing immigration for many years to try and fill the gaps created by retirements.

Canada aims to attract young global talent. IRCC, for example, offers Post-Graduation Work PermitsInternational students can be encouraged to stay and work in the country once they have completed their studies. Permanent residents.

Further, skilled workers aged 20-29 who arrive in Canada by an Express EntryManaged program receives the maximum number for age (100 points without a spouse or partner or 110 points with one). Comprehensive Ranking System (CRS).

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