Halifax Population Growth
In 2019, Halifax was the fourth-fastest growing major center in Canada, growing 2.2% (9,700 residents) to a total population of 440,000. The city saw positive growth based on 3 key metrics: net births (births out-weighing deaths), net-provincial migration, and international immigration.
Of the record-breaking 7580 immigrants to land in the Nova Scotia, 82% settled in Halifax, cementing the strong urbanization trend seen in the province and throughout the country. As of 2019, a record-breaking 45% of Nova Scotians lived in Halifax.
The largest demographic increase in 2019 came from the 25-39 cohort, the most promising sign for economic growth in 2020. Halifax outperformed many similarly-sized secondary markets across Canada in the coveted cohort, typically associated with starting careers, having children, and purchasing real estate. Halifax is now the youngest city in Atlantic Canada, with an average age of 39 years.
As the labour force in Halifax expands, the overall unemployment rate has continued to decline (5.9% according to the 2019 Halifax Index). The strengthening economy has resulted in an increased job vacancy rate (over 3% in 2018 Q4), and when surveyed in 2019, over 67% of Halifax-based business planned to hire additional staff. The construction industry boasts the largest employment growth over the past decade, driven by record-low vacancy and population growth.