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Home Economy

Canada’s Immigrant Boom: New Record Set in 2022

Newcomers Flock to Canada: Immigration Numbers Reach All-Time High

by Bobby Brown
January 7, 2023
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In 2022, Canada accepted a record number of immigrants, with 431,645 new permanent residents. This marks a new record for the country, surpassing the previous record of 405,000 set in 2021. The federal government has set out a plan to welcome increasing numbers of immigrants in the coming years in order to address ongoing labor shortages and support the country’s economic and societal growth. Immigration Minister Sean Fraser emphasized the essential role that newcomers play in filling labor shortages, bringing new perspectives and talents to communities, and enriching society as a whole.

Immigration Minister Sean Fraser stated that newcomers play an essential role in filling labor shortages and bringing new perspectives and talents to communities. The federal government has plans to welcome 465,000 permanent residents in 2023, 485,000 in 2024, and 500,000 in 2025 in order to fill shortages in key sectors such as healthcare, skilled trades, manufacturing, and technology.

According to Statistics Canada, immigration accounts for nearly 100% of the country’s labor force growth

According to Statistics Canada, immigration accounts for nearly 100% of the country’s labor force growth. Over half of new permanent residents are admitted under the economic category, which takes into account their ability to meet labor market needs or create economic opportunity through business ownership or investment.

Immigration is also a major driver of population growth in Canada, with approximately 75% of growth coming from immigration, mainly in the economic category. In the first nine months of 2022, the country’s population grew by 776,217, the highest level of growth for any full year since Confederation in 1867. This growth was mainly due to international migration, which pushed Canada’s population over 39 million for the first time.

The government projects that by 2032, immigration will account for 100% of the country’s population growth. This highlights the important role that immigration plays in the country’s economy and society. The federal government’s plan to welcome increasing numbers of immigrants in the coming years reflects a recognition of this vital role and a commitment to continuing to support and welcome newcomers to Canada.

Overall, the record number of immigrants accepted by Canada in 2022 reflects the important role that immigration plays in the country’s economy and society. Immigration accounts for nearly 100% of Canada’s labor force growth and drives population growth, with 75% of growth coming from immigration, mostly in the economic category. The government’s plan to welcome increasing numbers of immigrants in the coming years highlights a recognition of the vital contribution that immigrants make to the country and a commitment to continue supporting and welcoming newcomers. As Immigration Minister Sean Fraser stated, newcomers bring new perspectives and talents to communities and enrich society as a whole.

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Bobby Brown

Bobby Brown

It’s hard to make sense of everything going on in the world of finance. It’s an industry filled with complicated terminology conjured up to make those using it sound smart and important. I try my best to explain complex issues in plain English.

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