How Immigration is Driving Value in Essential Asset Classes [Investment Executive - News]
BRITISH LAND CO S/ADR (BTLCY)
NASDAQ:AMEX Investor Relations:
britishland.com/investors
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Source: Investment Executive - News
PAID CONTENT Canada has become one of the fastest-growing countries in the G7, with its population growth currently outpacing even China and India. In 2023, Canada’s population reached a record high of 40.77 million with an influx of 1.27 million people, up 3.2% from 2022, marking the highest growth since 1957. According to StatsCan, 97.6 % of Canada’s population growth in 2023 came from international migration. In fact, from January to October 2023, Canada accepted more than 1 million new residents, with another 1.5 million expected over the next three years. Canada is already facing a lack of housing supply that has hit crisis levels, and the Canadian Mortgage and Housing Corp. (CMHC) estimates that in order to restore housing affordability and meet growing demand, the country needs to build 3.5 million more homes by 2030. Rapid population growth is not without its challenges, but it also spurs on opportunities for sectors rooted in the population’s essential needs, such as real
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