Census data highlights ageing population

by Steve Randall04 May 2017
New Canadian census figures show that there are now more seniors than children which highlights Canada’s ageing population.

Statistics Canada’s data shows that between 2011 and 2016, Canada registered the largest increase in the proportion of seniors since Confederation, a 20 per cent rise in over 65’s.

The share of seniors in that 5-year period reached 16.9 per cent, children represented 16.6 per cent of the population, and the forecast is for seniors to make up 23 per cent by 2031.

The figures also reveal that women make up a larger share of the population, due to increased life expectancy.

By region, there are some clear differences. In Atlantic Canada, the number of seniors has increased sharply while under 64’s have declined; in the Prairies, there is a younger demographic. Ontario has a fairly balanced population while BC (especially Vancouver Island) tends to be older and the Territories have the youngest populations.

Among the challenges of the ageing population is the right mix of housing and transit options to address the needs of older people.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?