UDI State of the Market Q1-2024
Population
BC continues to
experience high levels of
international migration.
INSIGHTS AND COMMENTS
• Metro Vancouver’s population (aged 15+) increased to
2,505,300 residents at the end of Q1-2024.
• This was 26,200 more residents than the previous
quarter and represents a 3.8 percent increase (a 0.6
percent increase in growth rate) when compared to
Q1-2023.
• The most recent available data (Q4-2023) showed a
net overall migration of 30,181 to BC, a decrease of
51.0 percent (31,375 fewer migrants) when compared
to the previous quarter and 7.8 percent lower (2,548
fewer migrants) than Q4-2022.
POPULATION
• Net interprovincial migration for the most recent update
(Q4-2023) showed a net loss of 2,728 residents,1,906
more than Q3-2023 but 898 fewer when compared
to Q4-2022.
• BC continues to experience high levels of
international migration. Most recent available data
(Q4-2023) showed 32,909 immigrants to BC, which
was 50.3 percent lower (33,281 fewer migrants) than
Q3-2023 and 4.8 percent lower (1,650 fewer) than
Q4-2022.
State of
the Market
Insights
and Comments