In 2023, the population in Canadian urban agglomerations exceeding 1 million was 17.963 million. The forecast from 2024 to 2028 shows a steady increase, with a year-on-year growth of roughly 1% annually. The compound annual growth rate (CAGR) over these five years is approximately 0.98%, indicating a stable but moderate upward trend in urban population.
Future trends to watch for include:
- Immigration policies that could significantly impact urban growth rates.
- Economic conditions affecting internal migration shifts toward larger cities.
- Infrastructure developments influencing urban livability and population capacity.
