Wednesday, July 2, 2025

Population Growth Declines in Canada’s Major Urban Centers Amid Pandemic

Amid record-low mortgage rates and flexible remote work options, an increasing number of younger Canadians have been migrating out of expensive urban centers and into suburban and rural regions.

According to the latest data released by Statistics Canada, census metropolitan areas (CMAs) across Canada saw a slow-down in population growth. Population levels between July 1, 2019 and July 1, 2020 slowed to 1.3%, down from 1.7% during the same period a year prior. The recent population decline has been the result of more people opting to forego the high costs and less-spacious living arrangements of CMAs in heavily-populated cities amid the pandemic.

Some of the largest cities in the country, including Vancouver, Montreal, and Toronto, have all been subject of a population decline as younger people relocated to more spacious municipalities. A combined total of 87,444 individuals migrated from the three cities’ CMAs between July 2019 and July 2020 to other, less-populated places in the province, marking a considerable increase from the average exodus of 72,686 noted in the prior three periods.

The increase in demand for real estate outside of urban centers and heavily-populated CMAs can also be illustrated with the sharp increases in housing costs in neighbouring markets. With more Canadians being able to work from home, and thus forego some of the pandemic-related health risks associated with urban regions, the urban sprawl will likely continue throughout the pandemic — and perhaps even after.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Toronto’s Real Estate Market Expected to Remain Unchanged Over Summer Months

Last month’s home sales continued to be impacted by rising borrowing costs, as potential homebuyers...

Wednesday, July 6, 2022, 11:41:00 AM

Canadian Homeowners May Be Facing Downsizing Pressure Amid Housing Affordability Crisis

A recent Wahi survey reveals a concerning trend in the Canadian housing market, with downsizing...

Monday, June 24, 2024, 01:50:00 PM

Existing Home Sales Fall by 9.7% in May, Third Consecutive Month of Declines Amid Coronavirus Pandemic

The month of May saw the lowest number of previously owned US home sales since...

Tuesday, June 23, 2020, 05:47:00 PM

Retail and Office Tenants Anticipate Increasing Costs, Reduced Revenue Due to Coronavirus

As a result of the coronavirus pandemic, the commercial real estate industry has been struggling...

Thursday, June 25, 2020, 02:45:00 PM

US Homebuilder Confidence Falls From Record High as Buyers Face Affordability Challenges

As home prices across the US continue to skyrocket to record-breaking levels amid a surge...

Friday, December 18, 2020, 10:45:59 AM