The inhabitants of Metro Vancouver is predicted to develop at a slower tempo than projected on account of latest federal immigration coverage adjustments.
In response to Metro Vancouver, the area is estimated to develop by an annual common of 42,500 web new residents.
It’s projected to succeed in a inhabitants of 4.1 million folks by 2050, which is a lower of fifty,000 from the projection in 2024.
“Metro Vancouver remains a region that is growing steadily, and our regularly updated projections ensure we continue to plan responsibly for housing, infrastructure, and services that support our growing and diverse communities,” Mike Hurley, chair of Metro Vancouver’s Board of Administrators, mentioned in an announcement.
Final yr, the federal authorities introduced it was introducing restrictions to the short-term international employee program (TFW).
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The federal government mentioned it would refuse functions for low-wage short-term international employees in areas with an unemployment fee of six per cent or larger.
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A low-wage job is outlined as one which pays under the median hourly wage within the province the place the job is situated.
For employers, there will probably be a cap of 10 per cent of staff coming from the low-wage stream of the TFW program and a discount of the utmost length of employment from two years to at least one, in keeping with the Employment and Social Growth Canada.
“The region is still growing but it is at a much slower rate and it does have planning implications and policy implications in the region.”
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In response to Metro Vancouver, progress is predicted to gradual within the area between 2025 and 2027 on account of fewer non-permanent residents, earlier than returning to extra secure progress.
Immigration stays the first driver of inhabitants progress in Metro Vancouver over the long run and is about to account for 90 per cent of the expansion from 2024 to 2051.
Metro Vancouver’s projections are a essential planning instrument utilized by member jurisdictions, TransLink, and different regional companies to estimate future demand for land, housing, jobs, utilities, and transit.
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