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Canada came close to breaking the highest population growth rate in any quarter this July to September when it reported 430,635 new residents in the country.
Statistics Canada reported Tuesday the population increase, which reflected a 1.1 per cent growth rate in the third quarter of 2023. That was the highest population growth rate since the second quarter of 1957, when Canada’s population grew by 198,000 people, or 1.2 per cent.
Back then, the rapid growth in population was tied to the post-war baby boom and high immigration of refugees following the Hungarian Revolution in 1956.
Today, the vast majority of the population growth is due to international migration – an issue that is being tied into Canada’s ongoing housing crisis the country is trying to solve.
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