Boomer boomtown: retirees take massive lead in Capital Region's population growth
Published May 3, 2017
The Capital Region is a bonafide boomtown for boomers and seniors, according to the latest census data released by Statistics Canada.
Between 2011 and 2016 the regional population increased to 367,770 individuals from 344,580, a rise of 6.7%. Over that period Victorians aged 65 or older increased by a nearly 23%, a growth spurt far surpassing all other age groups.
In total 77,775 Victorians are now considered of retirement age, compared to 63,435 just five years prior (a difference of 14,340). As a percentage of the total population, boomers aged 65-plus now represent 21.1% of the region's make-up compared to 18.4% in 2011.
The population of adults aged 20-to-44 grew by 5.2%, or 5,740 individuals, and now accounts for 117,240 inhabitants or 31.9% of the regional population (a slight decrease from 32.4% in 2011).
Youth aged to 19-years increased in population to 66,605 from 64,260 in 2011, a rise of 3.7%. The regional share of young Victorians fell from 18.7% to 18.1%.
Older adults aged 45-to-64 also lost out as a percentage of the population and now comprise 28.9% of the region’s make-up, a drop from 30.6%. Population growth among the cohort accounted for a rise of just 0.7% to 106,150 individuals from 105,430.
Province-wide, individuals aged 65 and over represent 18.3% of the population, two percentage points above Canada's national average of 16.3%. The provinces with the highest number of seniors are New Brunswick and Nova Scotia each with retirees accounting for 19.9% of the their respective populations. C
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