FY22 Financial Overview
CA: Demographics and Housing Market
Population Growth Rebounding
2.0
annual % change
Canada
-Euro Area
1.5
Japan
France
1.0
0.5
0.0
-0.5
Immigration Pushing to Record Levels
600
000s
United States
United Kingdom
Italy
500
400
Annual Average Immigration
300
200
100
ul
Proposed Immigration
0
-1.0
08 09 10 11 12 13
Sources: Scotiabank Economics.
14 15
16 17
18
19
20 21 22
70s 80s 90s 00s 17 18 19 20 21
Sources: Scotiabank Economics, Statistics Canada, Ministry of Immigration, Refugees &
Citizenship Canada.
22
23
24
25
Canadian Residential Housing Inventory Rising
12
months of inventory, SA
10
8
6
4
2
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Housing Supply Still Tight in Key Markets
Toronto
Vancouver
18
8
units per 10,000 pop.,
end of period
16
units per 10,000 pop.,
end of period
Multi-Unit
Multi-Unit
14
Single-Detached
6
Single-Detached
12
2002-20
10
average
1992-2020
8
average
6
2
4
20
03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22
92
96
00 04
08
12
16
20
02 04 06 08 10 12 14 16 18 20
Sources: Scotiabank Economics, Statistics Canada.
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