Financial Health and Performance Overview
Canada: Demographics and Housing Market
POPULATION GROWTH REBOUNDING 1
PERMANENT RESIDENTS DRIVING UP
POPULATION 2
Canada
United States
600
000s
3.0
Proposed Immigration
annual % change
2.5
• Euro Area
Japan
France
United Kingdom
Italy
500
2.0
400
Annual Average Immigration
1.5
300
1.0
200
0.5
0.0
100
-0.5
0
70s
80s 90s 00s 17 18 19 20 21 22 23 24 25
-1.0
08 09 10 11 12 13
14
15 16 17 18
19
20 21
21
22 23
CANADIAN RESIDENTIAL HOUSING INVENTORY 3
HOUSING SUPPLY STILL TIGHT IN KEY
MARKETS 4
12
months of inventory, SA
10
8
16
4
Toronto
Vancouver
18
8
units per 10,000 pop.,
end of period
units per 10,000 pop.,
end of period
Multi-Unit
16
| Multi-Unit
14
Single-Detached
6
Single-Detached
22
12
2002-20
10
average
4
1992-2020
8
average
2
2
60
st
4
2
0
03 04 05 06 07 08 09 10
11 12 13 14 15 16 17 18 19 20 21 22 23
0
92 96
00 04 08 12
16 20
02 04 06 08 10 12 14 16 18 20
1 Sources: Scotiabank Economics, Haver Analytics; 2 Sources: Scotiabank Economics, Statistics Canada, Ministry of Immigration, Refugees & Citizenship Canada; 3 Sources: Scotiabank Economics, Statistics
Canada; 4 Sources: Scotiabank Economics, Statistics Canada, CMHC
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