According to the Organization for Economic Co-operation and Development (OECD), Canada is the world's most educated country, with 56.7% of Canadian adults having received a post-secondary degree. This is a full 10% higher than the United States.
This is no surprise for a few reasons. Canada actively recruits highly educated immigrants to come to Canada for permanent residence and eventually to become Canadian Citizens. The immigration system awards points for education, which tends to favor highly educated and skilled applicants to be selected for immigration to Canada. The benefit spans generations as well, since these families typically place a high value on education, and support their kids to pursue higher education as well.
Another important reason for the high rate of post-secondary education Canadians is cost. Canada's universities receive significant government funding to help them maintain relatively low tuition costs. On average, Canadian students spend $9,300 per year in tuition fees. International students who are not Canadians typically pay significantly higher tuition fees, since they typically do not contribute to paying taxes to the same extent as Canadian citizens. Nonetheless, reasonable tuition costs makes higher education accessible to almost all Canadians. The government also provides interest free student loans to assist any Canadian in pursuing higher education.
Another factor that contributes to Canada having the most educated population in the world is the fact that Canadian universities are highly ranked and very competitive worldwide. Nine Canadian universities are ranked among the top 200 universities in the world by Times Higher Education. The University of Toronto is ranked 21st in the world. For a country with a relatively small population of just over $35 million people, these results are quite impressive.
Canada's strong education system is a key attraction for people considering immigration to Canada. Canada offers children of immigrant families excellent opportunities to gain a strong education that is highly respected globally and that opens the doors to the best employment opportunities. If you are considering immigration to Canada, please contact us to discuss your situation or answer any questions you may have.
Canada's Minister of Immigration, Refugees and Citizenship, the Honourable Ahmed Hussen, has announced that Canada will bring in more than 1 million immigrants in the next three years. In his 2018 Annual Report to Parliament on Immigration, Mr. Hussen discussed Canada’s Immigration Plan for 2019–2021, which targets immigrant admissions between 330,000 - 350,000 for each of those three years.
The report also includes interesting data about immigration in 2017. Canada admitted 286,479 permanent residents in 2017, more than half of whom were admitted under the various economic class programs, and 29% under the family class, with the rest being admitted as refugees or for humanitarian reasons.
Another interesting piece of data revealed in the report was the growing percentage of immigrants who settle outside of Ontario, Quebec and British Columbia, which have traditionally attracted most immigrants. In 2017, 34% of economic immigrants were destined to other Canadian provinces. This is attributed to the Provincial Nominee Programs (PNPs) which attract economic immigrants under specific rules to the various provinces.
The top three countries source countries where immigrants are coming to Canada from in 2017 were India (18%), Philippines (14%) and China (11%).
This is a great time to consider immigrating to Canada. With Canada opening the doors and increasing the number of immigrants it is accepting, and with unemployment rates at historic lows, the next few years will be a good time to come to Canada to become established and look for work or open a business.
If you would like to discuss the possibility with an immigration professional, please don't hesitate to contact us today.
According to the most recent Statistics Canada report in November, 2018, the unemployment rate in Canada is at a 40-year low of 5.8%. This is regarded as a situation of "full employment", which means that practically anyone seriously seeking a job will find one. Of course, economies work in cycles, and Canada's economy is no exception. Canada regularly experiences both recessions and periods of growth, just like any other economy in the world. The past few years have seen solid growth, leading to the low unemployment numbers.
It is interesting to note that the strong economic news comes at a time when low oil prices and delayed pipeline projects have significantly impacted the Canadian economy, particularly resources rich provinces in western Canada. Low oil prices have slowed hiring and investment and have impacted government budgets. Nonetheless, other sectors have been strong, including housing and IT.
In particular, the city of Toronto has experienced very strong growth in the high tech industry. According to some reports, Toronto is now the fastest growing tech city in North America, even surpassing Silicon Valley in terms of how fast it is growing. Several major technology companies have recently announced expansions or new headquarters in Toronto including Microsoft, Google, Uber, Intel, and Shopify. This is in addition to the hundreds of startups growing quietly in the Toronto-Waterloo high tech corridor.
Canada’s Information and Communications Technology Council (ICTC) reports that the unemployment rate in the IT sector is at 2.6%, but according to other estimates it is even lower. There is particularly strong demand for certain skill sets, including Artificial Intelligence (AI) and data science where new university graduate starting salaries can range from $80,000 to more than $100,000 per year.
Meanwhile in London, Ontario, "Hiring" signs are popping up on many corners as companies struggle to fill open job postings. A number of manufacturers are offering signing bonuses in order to attract workers. But with an unemployment rate of 5.5%, it has been difficult to find new workers, even for unskilled factory jobs. Other industries in London are also facing difficulty hiring including the tech sector, construction and even restaurants. The story is the same across southwestern Ontario.
Canada has several federal and provincial immigration programs that have been tailored specifically to attract the talent Canada needs to continue growing its economy. In particular, IT workers have some specific programs that allow their applications to be fast-tracked. If you have experience in IT related fields and are interested in coming to Canada, please get in touch with us to learn more!