The population of New Brunswick exceeds 800,000

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New Brunswick’s population has surpassed 800,000 for the first time.

“This is an important moment for our province,” Prime Minister Blaine Higgs said in a press release.

“Our population growth strategy is exceeding expectations. We are experiencing higher immigration levels and positive interprovincial migration.”

The province’s population grew by 40,000 in five years and by 15,000 in the past 12 months.

As of Saturday, Statistics Canada lists the province’s population at 800,052.

An encouraging sign

“A population of 800,000 is a significant achievement for the county,” said John Wishart, the CEO of the Greater Moncton Chamber of Commerce.

“Just five years ago, there were tales of doom and gloom that our population seemed to be stagnating.”

Wishart said the fact that the county’s population has grown by 40,000 in just five years is an encouraging sign for the health of the economy.

He said the province’s projections of reaching a population of 1,000,000 by 2050 now seem achievable.

John Wishart, CEO of the Chamber of Commerce for Greater Moncton, says population growth in New Brunswick is encouraging to watch. (Submitted by John Wishart)

Wishart said much of this growth is due to immigrants who often move to the province with large families, and Canadians who move to New Brunswick from other provinces, including Ontario.

“We’re seeing an increase in the number of students in schools and people of working age,” he said.

“Despite the proliferation of things like housing and inflationary pressures, New Brunswick is still seen as a relatively cheap and safe place to live and work,” Wishart said.

He said businesses are likely to start seeing the positive effects of this population growth as life begins to look normal after the pandemic.

Wishart said one of the challenges with this growing population is housing. The vacancy rate in the Greater Moncton Area is currently at 1.5 percent.

“Most landlords will tell you that a vacancy rate of four percent is essentially zero because of turnover and people coming and going,” he said.

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