Since the end of 2020, demographic trends in Canada have shifted significantly. Thefertility rate reached a record low of 1.33 children per woman in 2022. Millennials now outnumber baby boomers in Canada and the labour market has changed, with some sectors experiencing shortages. Many permanent and temporary immigrants came to Canada, including many workers and international students.
On January 1, 2024, Canada’s population reached 40,769890 inhabitants, which corresponds to an increase of 1,271,872 people compared with January 1, 2023. This was the highest annual population growth rate (+3.2%)in Canada since 1957 (+3.3%).
Most of Canada’s 3.2% population growth rate stemmed from temporary immigration in 2023, Without temporary immigration, that is, relying solely on permanent immigration and natural increase (births minus deaths), Canada’s population growth would have been almost three times less(+1.2%) .

https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2018005-eng.htm

Population migration hits record high !

Statistics Canada reports, In 2023 , approximately 330,000 Canadian moved from one province to another, the second-highest number recorded since 1990s and the third consecutive year that inter-provincial migration had exceeded 300,000.

Alberta specially, achieved the highest net interprovincial migration growth in 2023. 55107 Canadians moved to Alberta last  year, the largest increase since 1972.

Meanwhile, the number of residents moving out of BC increased by 8624 in 2023, meaning the province net interprovincial migration was negative for the first time since 2012.  This is not difficult to understand, after all, housing in BC is the one of the most expensive province in Canada . The cost of living in AB next door is much lower.

Furthermore, Attraction of Ontario appears to be declining. As the most population in Canada, Ontario lost 36,197 residents in 2023, the highest migration number in the county. However, this number still lower than 2022`s number which is  38,816.