Newly released population forecasts by Statistics Canada this week show the nation's population could more than double by the time millennials are ...
Newly released population forecasts by Statistics Canada this week show the nation's population could more than double by the time millennials are well into their old age.
Following an average 1.12 per cent annual population growth rate over the past 30 years, the forecast pegs the average annual growth rate through 2073 at 1.59 per cent for the high-growth scenario, 0.79 per cent for the medium-growth scenario, and 0.07 per cent for the low-growth scenario. The number of people aged 85 and older would rise from about 900,000 in 2023 to between 3.3 million in the low-growth scenario and 4.3 million in the high-growth scenario by 2073, but the growth in the number of people entering the senior age would be less pronounced after 2030, when all baby boomers will have reached or passed the age of 65.
BC is expected to remain as the third most populated province in all growth scenarios, but the current population gap with Alberta will be narrowed.
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