We truly are blessed to live in a city like Victoria and being able to enjoy the out doors that British Columbia has to offer. We have written in many previous blogs why people from all over the world choose to purchase Real Estate here in Victoria. A recent article in the Times Colonist by Chantal Eustce of the Can West News Service points out why BC in general is such a great place to live. It reads:
VANCOUVER — A strong economy, combined with a temperate climate, helps to explain why B.C. has become the second-fastest growing province in the country, a local population expert said yesterday. “It’s always a function of economy,” said Gordon Price, director of Simon Fraser University’s City Program, commenting on Statistics Canada migration numbers, released yesterday.“There’s just a natural pull being in a place that doesn’t really have winter. … But the fundamental one is, is there a job and can I afford to live here?”
As of Oct. 1, British Columbia’s population hit an estimated 4.4 million due mainly to an increase in interprovincial migration.
Immigration accounted for nearly 60 per cent of B.C.’s growth.
Meanwhile, Saskatchewan has replaced Alberta as the fastest growing province. The Prairie province has more than one million people for the first time since 2001 — fuelled mainly by people returning from Alberta.
This boom is significant for B.C., said demographer Andrew Ramlo, director of the Vancouver-based Urban Futures Institute.
“I think the Saskatchewan story is interesting for B.C. because it means Saskatchewan isn’t as much of a source for migrants coming into the province … as it might have been last year,” said Ramlo.
Alberta, which has typically led the provinces in population growth, has started to lose more people to other regions.
“We can’t continue to rob labour force from the province of Saskatchewan because, you know what, they’re starting to grow and their economy is expanding,” said Ramlo.
Statistics Canada also found more than 33 million people now live in Canada, with an estimated 71,600 newcomers — an increase not seen in more than 30 years. The nation’s population grew 0.35 per cent during the third quarter.
The population of all four Atlantic provinces rose, with Prince Edward Island the fastest in the region.
Ontario’s population increased to an estimated 12.9 million, faster than the Canadian average, due mainly to interprovincial outflows. At the same time, Ontario’s attraction for immigrants is declining. End of Article.
In our Victoria Real Estate Market Update we have all the numbers for you.
If you have any comments or thoughts on the above, just drop us a note below. If you have questions about Victoria Real Estate in general, you can contact us anytime.
Anders Treiberg, Associate Broker, REALTOR®
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