PE Ledger

The housing problem and labor shortage at odds with P.E.I.’s population plan

PEI

Key takeaways: 

  • The region’s population is rising at more than double the intended rate.
  • While immigration has grown, an enormous population boost has arrived from interprovincial migration to P.E.I.

After a pandemic-induced deceleration in 2020, P.E.I.’s population has continued growing at a record-setting rate – and there are signs accommodation in the province can’t keep up.

Statistics Canada’s latest population assessment for the Island is 167,680.

The region added 4,817 people in 2021 — the most considerable population growth in almost 50 years — and the estimated increase in the first half of 2022 has already outpaced last year’s.

That change is no accident. It’s the outcome of a five-year plan sought to grow the population and reverse the region’s aging population.

Also read: P.E.I. artists get $50K in grants from the region

After a pandemic-induced deceleration in 2020, P.E.I.’s population has continued growing at a record-setting rate – and there are signs accommodation in the province can’t keep up

“If you don’t attempt to crack that aging demographic problem … it’s only going to get worse over the following decade,” said APEC economist Fred Bergman.

But the change has come with a price.

Not sufficient homes

Population change was identified as an element in P.E.I.’s housing problem as early as 2019.

An analysis by the City of Charlottetown found that housing construction stalled as the population increased. That study saw the origins of the housing situation go back to 2014 and 2015, when several aspects contributed to a construction slowdown.

Source – CBC News

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