The quarterly demographic statistics are out from Statcan here. (PDF) We can expect to see the regular MSM stories about 'everyone' moving to BC. We've covered this to death before.
Population growth is fairly mediocre, either in percentage or absolute terms. This is fascinating because the 1980s and 1990s booms featured huge population growth. Not this time.
Anyway, here is one chart I picked out. This is interprovincial migration. Note that in previous booms we were over +10K a quarter. This 'boom' we haven't even hit 5K. In fact, that big negative outflow from 97Q4 to 03Q3 was really unprecedented. BC lost 58,086 people to other provinces over that period. Between 2003Q3 and 2008Q1, the total interprovincial inflow has been only 44,823. So, we STILL haven't dug our way back to zero from the interprovincial hole we got ourselves in through the late 90s. Sure, there have been international immigrants, but no boom there. We've just been building condos for each other. No problem.
So, next time the water cooler chatter turns to all of those people who are moving to BC from other provinces, you can say, "No actually, I saw the real deal on Langley Financial Planning!"
VHB
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