Saskatchewan prepares for immigration increase

The Saskatchewan provincial government is preparing for a population boom which it believes will be largely driven by international migration.

The Saskatchewan provincial government is preparing for a population boom which it believes will be largely driven by international migration.The province’s increasingly resource-led economy has been booming in recent years and Saskatchewan currently has the lowest unemployment rate in Canada at 3.8 per cent – the national average is 7 per cent.Since 2008, the number of immigrants settling in the province annually has risen by almost 7,000 people, with 11,182 migrants settling there in 2012, compared to just 4,835 in 2008.Saskatoon, the province’s largest city, has become a particular Mecca for overseas arrivals in recent years, and it is there where the brunt of the migration growth is expected to take place."We are already noticing a lot of international migration, and if that continues, Saskatchewan will only become more of a magnet for those migrants - and Saskatoon obviously takes a big share of that as well,” explains Alan Wallace, the city's manager of planning and development.A new report suggests that Saskatoon will need about 15,000 new houses every five years – or about 60,000 new units by 2032 to cope with the projected population increases.According to Mr Wallace, plans are already in place to develop 15 new neighbourhoods on the outskirts of Saskatoon, while 60,000 new homes will be constructed in and around the city. 

Earlier this year, Saskatoon was named the fastest-growing metropolitan area in Canada for the third year in a row.Article supplied by Halo Financial: http://www.halofinancial.com/relocatenews

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