Halton Region was the third fastest growing Census Division (CD) over 500,000 in Canada during the last Census period. Between 2011 and 2016, recently released Statistics Canada figures show that the population of Halton Region grew by 9.3% — reaching 548,435 residents. That puts Halton Region in line with Canada’s fastest growing CDs, Calgary and Edmonton, which have grown by 14.3% and 13.5%. Neighbouring CDs in Southern Ontario such as the City of Toronto (4.5%), Peel Region (6.5%) or the City of Hamilton (3.3%) show a smaller percentage of growth.
In the Greater Toronto Area (GTA), only York Region came close to reaching Halton’s growth rates, expanding 7.5% between the last two Census periods. Durham Region came in third with 6.2%, followed by Peel Region at 6.5%. The population of the City of Toronto only grew by 4.5%, confirming what’s being witnessed in the GTA housing market – people are continuing to head to the suburban communities in search of affordability and quality of life.
Within Halton Region, the Town of Milton, once again, earned top spot as the fastest-growing Census Subdivision (CSD) over 50,000 in Canada. Between 2006 and 2011, Milton’s population grew by 56% and during the last Census period the town expanded another 30.5%. In 2006, Milton was home to under 54,000 residents and by 2016 has increased to over 110,000. Meanwhile, the Town of Oakville experienced 6.2% population growth between 2011 and 2016, followed by the City of Burlington with 4.3% growth and the Town of Halton Hills with 3.6% growth.
Halton’s strong growth is expected to intensify in the coming years. Ontario’s provincial growth plan Places to Grow forecasts Halton Region’s population to reach 780,000 residents by 2031 and over 1 million residents by 2041.
The desirability of Halton Region and the resulting influx of residents are also prompting record-breaking levels of real estate development activity across the Region. Building permit construction values in Halton reached new heights in 2016, bolstered to a large extent on new residential developments. Check out our DataInsights blog next week, which will feature highlights from Halton development activity in 2016.
We’re here to help. Contact us (email link) for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. For more detailed statistics and historical trends, visit halton.ca/datacentre.