It’s not just your imagination if you’re seeing a lot more Ontario and BC license plates around Alberta lately.
Below is ATB Financial’s Economic Weekly Bulletin by economists Todd Hirsch & Will Van’t Veld on Alberta’s population for the period of June 2011 to 2012:
Alberta’s population continues to not only grow the fastest in the nation, increasing 2.5 per cent (the national average was 1.1 per cent), but also remains the youngest, with a median age of 36.1 years (the national average age is 40). As well, interprovincial migration picked up over the period, with 28,000 Canadians relocating to Alberta. International migration also picked up substantially, hitting a record 34,500 individuals.
Given that Ontario is by far the largest province in Canada by population, it’s not surprising that it also provides the bulk of Alberta’s inter-provincial migrants. Last year 10,700 Ontarians got on the TransCanada highway and headed west. In contrast, net-migration from Saskatchewan, historically a major source of labour in Alberta, was very low, at 454 individuals.
Contrary to popular belief, neither Atlantic Canada nor Saskatchewan has contributed the most to Alberta’s net gain in population. Over the past decade Alberta’s net balance of population with Ontario increased 91,000, which is more than the number of the combined increase from Atlantic Canada and Saskatchewan (at 52,500 and 24,600, respectively).
Regardless of an individual’s place of origin, the human pipeline to Alberta represents good news for the local real estate markets, as these new Albertans need to be housed, and for the provincial labour market, as it keeps things from overheating too quickly
To see the actual figures used in ATB’s report, visit Statistics Canada