What I can’t figure out is why, if we’re not having more kids, there is still any real estate market at all. Surely we have enough houses by now.
On Tuesday, the agency reported that the total fertility rate in Canada has declined for a third year in a row, falling to just 1.61 children per woman in 2011. And while that represents an increase over a decade prior, when the rate plummeted to a historic low of 1.51, it’s nonetheless consistent with the long-term trend of multiple children becoming a rarer phenomenon.
In fact, Statistics Canada shows we haven’t met the population replacement level of roughly 2.1 children per woman since 1971.