Unless you have been living under a rock, you should know that Canada’s population is booming. In fact for the first time ever Canada’s population hit 40 million people as of June 16th. We are growing at a rate of 2.7% which matches the rate of some of the developing nations, and last year alone we added a million people to our population. This makes us the fastest growing industrialized nation, and a place that I am proud to call home.
All this growth has improved the labour pool helping fill the labour shortages but it also puts pressure on consumption and the already hot housing market. All these new people have helped us diversify or economy from mostly finical services and energy to boosting growth in technology and industries.
Diversification is our strength, with 95.6% of the growth coming from external immigration. While other countries have more of a closed door approach to immigration by calling new people to their country undocumented or unwanted. Canada on the other hand is much more welcoming and appears to be a breath of fresh air. It is this mindset and approach that is helping fuel the growth that we are seeing all across the country.
Today I am thankful for all the new people coming here who have needed my services to help them finance a home, a long weekend and another reason to celebrate our great country.
I look forward to hearing from you in regard to your mortgage needs.
p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2022-3000179) Broker (2022-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).
p.s.s.s You can download my new mortgage app here