Continuous growth
The appeal of the maple leaf country is explained by a decade of economic growth leading the G7, stable institutions, an internationally recognised banking system and a very high quality of life. The country's rigorous fiscal management and its banking system, ranked 2nd in the world, continue to reassure investors. Canada's financial stability rests on exemplary regulation and the exceptional prudence of Canadian institutions, which remain key players in the national economy. In 2022, these factors strengthened investor confidence and confirmed Canada as an attractive destination for economic and financial opportunities, underlining its strong position on the world stage.
High employment, low unemployment
A highly dynamic country, Canada creates many jobs every year and shows positive growth. In 2023, no fewer than 50,000 jobs were created each quarter, alongside an exceptionally low unemployment rate of 5.5% (Sept. 2023).
Other positive factors of a thriving market: fast-rising rents (+29% over the last 10 years), a relatively low cost of living (even Canada's most expensive cities remain very competitive compared with other cities worldwide), a quality of life ranked 1st among G7 countries by the OECD (ahead of the United States and Germany), strong rental demand and a diversified economy.
Immigration, an economic booster
In 2022, Canada reached its highest level of permanent resident admissions in recent history, with 1,007,055 newcomers. Selected according to criteria that match the country's needs, newcomers are quickly and fully integrated, enjoying for example the same social benefits as Canadians. The government's drive to grow the population through immigration is explained by the country's low population density: Canada is larger than the United States but has ten times fewer inhabitants, with a density of just 3.7 people per square kilometre.
