27 September 2012
In the same time, the population aging remains a problem for Canada – today the median age is almost 40 years.
There are almost as many seniors in the country as children. During the previous 20 years the number of Canadians aged 65+ was up by 57.6%, and the number of children fell by 3.6%. As a result, there were 14.9% seniors in Canada in July, which is up from 11.6% in 1992. In addition to it, children aged 14 and younger made 16.2% of the total population, which is 4.5% lower than two decades ago.
This study is also in line with our latest series of publications confirming that immigration will be the major catalyst for Canadian housing market.