Statistics Canada Reports II

[MonctonRad]

Originally Posted by jonny24

I wonder how many people are like me and don't receive any of those.

The only money I get from the government is the carbon tax rebate, which I paid for anyway.

I get the OAS (which I don't really need as I am still working). After clawbacks, it amounts to enough for one decent meal out at a restaurant every month - hardly worth it.

[Acajack]

Originally Posted by biguc

Canada could be more like Germany. The conservative government here maintained large budget surpluses, even at the cost of making necessary investments and maintaining core services, right up to the pandemic, when they larded on about €450 billion in debt. We have a centre-left coalition now but a legal debt break is making sure they keep those finances tight, which means keeping the economy in a grinding recession.

Canada's finances and economic fundamentals look enviable right now. I'd think, given the age and wealth of posters calling them shameful and inventing "reasonable" covid debts from thin air, that their performative apoplexy has more to do with the capital gains tax than sincere concern for the country's well-being.

Interesting to get a different perspective. You're kind of an insider with an outside view.

[WarrenC12]

Let's not forget we're also beside the US, currently juicing their economy with a 6.3% deficit to GDP ratio. Kind of unreal really. Canada is a little over half of that.

If the US tightened up even a bit, that might cool their inflation, allow them to reduce rates, and allow the BoC to reduce rates.

As usual we are just the rodeo clown trying to hang on.

[theman23]

The capital gains change was only announced yesterday

[jc_yyc_ca]

A few housing start stats while we wait for statscan population numbers (which are the numbers that cause the most excitement). I did a screen copy as it was easier than trying to format the numbers.


Source
March


Q1

[rdaner]

Great. I wonder if they publish where in the areas these are being built.

[Changing City]

Originally Posted by rdaner

Great. I wonder if they publish where in the areas these are being built.

Yes, they break the data down by municipalities, and sub-areas within the municipalities. You can see, and download data from the Statistics Canada website.

[Coldrsx]

[Coldrsx]

[jc_yyc_ca]

^ It would be good to see more recent number (post pandemic, 2021 or 2022 onward) That time period would have different numbers.

[jc_yyc_ca]

They also do it by census tract or census subdivision which is quite cool. The census tract gives interesting granularity, and you can see exactly where the new housing starts were.

Originally Posted by rdaner

Great. I wonder if they publish where in the areas these are being built.

Originally Posted by Changing City

Yes, they break the data down by municipalities, and sub-areas within the municipalities. You can see, and download data from the Statistics Canada website.

[Drybrain]

Originally Posted by jc_yyc_ca

^ It would be good to see more recent number (post pandemic, 2021 or 2022 onward) That time period would have different numbers.

Age-based population estimates aren't out yet for 2023, but just omitting the pre-pandemic years can clarify post-pandemic trends. Halifax, Calgary, Edmonton, Vancouver all very similar, but Montreal goes negative, and Toronto and Ottawa see a significant drop.

Halifax: 13% increase (106,400 to 120,400)
Montreal: -1% decrease (896,917 to 887,485)
Ottawa-Gatineau: 2.5% increase (315,919 to 323,219
Toronto: 4.6% increase (1,525,651 to 1,589,865
Calgary: 1.2% increase (335,928 to 339,997)
Edmonton: -0.2% decrease (337,990 to 337,289)
Vancouver 4.6% increase (639,274 to 668,998)

If we had the 2023 data my hunch is that we'd see basically the same thing again, except probably Vancouver dropping a little, and Calgary and Edmonton gaining more--due in part directly to interprovincial migration between them all.

[zoomer]

Jc_yyc thanks for sharing that link on housing construction, very interesting.

To give the smaller cities some love I pulled checked out total under construction as that gives a good idea of what’s in the pipeline and is less subject to monthly fluctuations, although the ratios end up pretty much the same. Also Moncton’s construction stands out and Kelowna keeps up chugging.

Total Under Construction/Percentage being Apartments:

Victoria: 8003 (7043 apartments - 88%)
Kelowna: 5522 (4372 apartments -79.2%)
Regina: 1366 (1,048 apartments -76.7%)
Saskatoon: 2811 (1873 apartments - 66.6%)
Moncton: 3,116 (2,615 apartments - 83.9%)

Edmonton: 13,700 (7,474 apartments - 54.6%)

Interesting how Victoria has nearly the same number of apartment starts as Edmonton which then has by far the lowest percentage of buildings under construction as apartments, while Moncton is quite high. Good sign for them in terms of growing their urban core.

[KnoxfordGuy]

Regarding the CMA and CA population estimates to be released at the end of May, they will be almost 11 months out of date, as opposed to the usual 6ish. Will they be helpful at all?

[ssiguy]

That population growth estimate for Edmonton could be right on the money, grossly underestimated, or wildly optimistic. This is what happens when Ottawa increases it's intake by 3X without any rhyme or reason............it makes planning next to impossible. Planners can only plan if they have reasonably expected demographic growth to work with and Trudeau has thrown all those plans out the window for every area and city in the country. Edmonton is growing at a numbing 5% a year. Who in their right mind could have imagined that a few years ago?

From housing to social services to schools to hospitals to roads to transit to sewers to libraries to parks to community centres.......... Trudeau has made planning for these essentials completely impossible and then he wonders why cities have such a backlog in needed infrastructure including one's essential to building housing.

[FrAnKs]

If my counts are right and according to today's Québec population clock, the greater Québec City area is already between 883 000 and 884 000.
At that rate, what seemed really far in the past is maybe just a year away now: 900 000 by early 2025?

[harls]

Originally Posted by FrAnKs

If my counts are right and according to today's Québec population clock, the greater Québec City area is already between 883 000 and 884 000.
At that rate, what seemed really far in the past is maybe just a year away now: 900 000 by early 2025?

I suspect there will be a big surge next reporting period, then a lag.

[FrAnKs]

Originally Posted by harls

I suspect there will be a big surge next reporting period, then a lag.

Undercount?

[Rico Rommheim]

Originally Posted by FrAnKs

If my counts are right and according to today's Québec population clock, the greater Québec City area is already between 883 000 and 884 000.
At that rate, what seemed really far in the past is maybe just a year away now: 900 000 by early 2025?

Is Quebec city also receiving a ton of migrants and immigrants like Montreal, or is it more a surge of people moving in from other regions?

[FrAnKs]

Originally Posted by Rico Rommheim

Is Quebec city also receiving a ton of migrants and immigrants like Montreal, or is it more a surge of people moving in from other regions?

From my personnal observations, lots of immigrants from the former French colonies of Africa.
I have met many and you see them everywhere around the city now and not just one specific area.
The change is astronomical since 2010 (from a Quebec City perspective of course).

I'll give you an example. I passed by a school last week in the northern part of Charlesbourg (10km away from downtown)
and it's nothing scientifical but just like that, I could tell that there was roughly between 25 and 40% of the kids playing in the school backyard that were black.