Edmonton will accept over 30,000 newcomers this year
According to the Conference Board of Canada, Edmonton is set to welcome approximately 30,000 newcomers this year. This follows last year’s trend, which saw over 33,000 newcomers. Despite an expected decrease in the coming years, the numbers will continue to surpass the 20-year average.
The director of economic forecasting, Ted Mallett, attributes this trend to the federal government’s expedited immigration, higher wages, affordable housing in Prairie cities, and Alberta’s robust economy. However, this growth necessitates adequate real estate development and infrastructure improvements.
The second State of Immigration and Settlement Report also highlighted immigrants’ challenges, underscoring the need for an updated immigration policy. The report proposed inclusive education, anti-racism training, and authentic relationships with immigrants. The city council is now considering policy revisions.
Immigration targets stabilizing to support sustainable Canada’s growth
Immigration is crucial for Canada’s growth, with about 23% of the population being immigrants, the highest among the G7. The 2024 immigration target is 485,000, 1.2% of Canada’s population. Canada’s working population is declining, with the current ratio of workers to seniors at 3:1, expected to drop to 2:1.
This aging workforce leads to labor shortages, which immigration can alleviate. This will support the National Housing Strategy, which invests over $82 billion over ten years.
In addition, Canada, as a global leader in refugee resettlement, welcomed over 46,500 refugees from 80 countries last year, including 40,000 vulnerable Afghans.
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