Economy credited for strong growth
"What we’re seeing right now is young British Columbians coming back home which gives us reason for optimism going forward."
B.C’s booming economy granted the province bragging rights to the second-highest population growth in the country, according to a government study released yesterday.
In its quarterly population estimates, Statistics Canada pegged B.C.’s population growth at 0.52 per cent since July 1, behind only Saskatchewan’s 0.65 per cent and well above the national rate of 0.35 per cent.
The study credited the swelling population to international immigration as well as increased migration to B.C. from other provinces.
Economic Development Minister Colin Hansen points to the diversity of the provincial economy as B.C.’s competitive advantage versus the other economic powerhouses in Western Canada.
“Alberta, and to a lesser extent Saskatchewan, are primarily oil and gas driven,” he said. “And although we have a growing oil and gas sector in the northeast, we also have tremendous job growth in other industries such as construction.”
Hansen added that the past four years has seen well over 20,000 people moving to B.C. from other provinces.
“What we’re seeing right now is young British Columbians coming back home which gives us reason for optimism going forward.”