One area of notable improvement in 2018 was net migration. In 2018, net migration was expected to be nearly 2,000 people, but civic census figures showed a 2018 gain of more than 11,000 people.
Based on provincial figures, it is expected that most of the gains were due to international migrants, which had a notable impact on the rental market.
The rise in net migration will help reduce overall housing supply. However, the composition is expected to consist mostly of international migrants. Over the near term, it is more likely to have an impact on the rental market than the ownership market.
The facts about Calgary’s population growth:
- The pace of population and net-migration growth is expected to remain comparable to 2018, with a continued shift towards more international migrants.
- Forecasted net migration gains in 2019 will help chip away at some of the oversupply, primarily in the rental market. However, it is not expected to be enough to support significant improvements in ownership demand this year.
- Calgary net migration is expected to be 14,000 in 2019.
- Based on the last civic census, Calgary’s population grew by 1.7 per cent, for a total gain of 21,007 residents – 9,419 coming from natural increases and 11,588 from net migration.
- As of the fourth quarter of 2017, Alberta’s interprovincial migration moved from negative to positive. While levels remain relatively low, the lack of outflow is a move in the right direction.