marcus_a_j
Senior Member
Does anyone believe that Mississauga's population actually decreased?
Figures are out early.
Here's the Top 10 Canadian Cities:
View attachment 379389
I personally find every number here to be too low to be credible.
Population Estimates for the Country as a whole were riding in the 38M range at the beginning of 2020.
We apparently misplaced well over a million people nation-wide and had no growth at all over 2020/early '21.
Not buying.
They have Toronto growing by only 63,000 in 5 years, when the single-year growth number quoted a couple of years back was 77,000.
If these numbers are accurate, then virtually ever published estimate the last few years was wrong by a substantial margin........
Maybe it’s all those international students (sent back home during COVID?) and empty condo units everyone is talking about.
EDIT: Let's say international students, people moving to other municipalities during COVID and tons of unit conversions from missing-middle to SFH. I could imagine those taking a significant chunk from Toronto's population.
Agreed - we absolutely need more data. That said, maybe the excessive (yes - I use that word) pressure on housing prices is primarily being driven by investors, who are forward-looking and are paying a premium for expectations?Need to see hard numbers of the unit conversions, and net migration.
The challenge here is this: the fall-off in growth to below the level of housing starts would indicate downward pressure on prices which we aren't seeing....
That was always true, however at the time the census was taken, there would have probably been a significantly larger proportion of students than usual living with their parents and studying online. The population decline is North Scarborough was significant, but so too was the decline in population in the West End (Ossington/Parkdale/Bloordale, St Clair West, etc). The Downtown growth seems a bit lackluster (only 37,000).Mustn't forget that some adult children may have left the home nest to either go on their own or go to university.
It's not that crazy to me. I don't think Mississauga built that much new housing? Paired with declining household sizes - it's possible. I am surprised at the overall low population growth for the GTA though, and unexpectedly low growth in new condo neighbourhoods.Does anyone believe that Mississauga's population actually decreased?
I’m not. I do think a lot of condos were kept empty during COVID because investors either didn’t want to rent out and set a low-watermark for their units, or, because they couldn’t flip them.I am surprised at the overall low population growth for the GTA though, and unexpectedly low growth in new condo neighbourhoods.