Canada's population continues to expand, though at a moderated pace that reflects recent policy adjustments. Recent data from Statistics Canada reveals key trends that could influence housing demand and real estate dynamics. For buyers and sellers, these shifts highlight opportunities in a market shaped by demographic changes.
Recent Quarterly Trends Show Moderation
In the third quarter of 2025, Canada's population grew by 47,098 people to reach 41.65 million, marking a 0.11 percent increase. This represents the slowest quarterly growth since restrictions limited movement in 2021, similar to levels seen in early 2015. International migration drove most of this rise, contributing to the bulk of the addition, while natural increase played a smaller role. This slowdown follows a period of rapid expansion, influenced by federal efforts to adjust immigration levels. Despite the dip, the pace aligns with historical norms before the surge in recent years.
Annual Growth Remains Steady
Over the past year, the population increased by 389,324 people, or 0.94 percent, the lowest annual rate since 2021. Before 2020, this would have been the slowest since 2016, yet it stays around the 1.0 percent average maintained since the mid-1990s. Canada has long been recognized for its welcoming stance on immigration, which has supported consistent growth. In the last five years, the country added 3.65 million people, equivalent to the entire population increase of the 2010s. This rapid influx has strained job markets and housing supply in some regions.
Projections Indicate Fastest Decade Since the 1980s
Even at the current quarterly rate of 0.11 percent, Canada's population could reach 42.46 million by the end of 2029, reflecting an 11.95 percent rise for the decade. This would mark the quickest growth since the 1980s, despite starting from a larger base. Such projections underscore the ongoing momentum, driven by factors like immigration and economic needs. This pace, while tempered, signals sustained demand in real estate, particularly in growing urban areas.
What This Means for Real Estate
A moderating but still robust population growth supports long-term housing needs. Areas with strong influxes may see continued interest in properties, from urban condos to suburban homes. Buyers should consider how these trends affect local markets, where supply and affordability remain key factors.
At Coldwell Banker Horizon Realty, our team can guide you through these changes. Contact us today to explore listings or discuss your real estate goals.
The content of this article is for informational purposes only and should not be considered as financial, legal, or professional advice. Coldwell Banker Horizon Realty makes no representations as to the accuracy, completeness, or suitability of the information provided. Readers are encouraged to consult with qualified professionals regarding their specific real estate, financial, and legal circumstances. The views expressed in this article may not necessarily reflect the views of Coldwell Banker Horizon Realty or its agents. Real estate market conditions and government policies may change, and readers should verify the latest updates with appropriate professionals.
