Q1 2022 Financial Performance
CA: Demographics and Housing Market
Population Growth Rebounding
Immigration Pushing to Record Levels
500
Proposed Immigration
000s
2.0 annual % change
1.5
15
Canada
Euro Area
Japan
United States
450
United Kingdom
Italy
400
350
Annual Average Immigration
1.0
300
250
0.5
200
150
0.0
100
-0.5
50
0
-1.0
09 10 11 12 13
Sources: Scotiabank Economics, Haver.
14
15
16
17
18 19
20
21
70s 80s 90s 00s 17 18
Sources: Scotiabank Economics, Statistics Canada, Ministry of Immigration, Refugees &
Citizenship Canada.
19
20
21
22
23
24
Canadian Residential Housing Inventory Very Low
Housing Supply Still Tight in Key Markets
12
months of inventory, SA
10
Toronto
8
units per 10,000 pop.,
end of period
Vancouver
18
16
units per 10,000 pop.,
end of period
Multi-Unit
Multi-Unit
14
Single-
Detached
6
8
Single-Detached
12
2002-20
6
10
average
4
1992-2020
8
4
average
6
2
2
4
2
0
03 04 05 06 07 08 09 10 11 12 13
14
15 16 17 18 19 20 21 22
0
0
Sources: Scotiabank Economics, Statistics Canada.
92 96 00 04 08 12 16 20
Sources: Scotiabank Economics, Statistics Canada, CMHC.
02 04 06 08 10 12 14 16 18 20
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