One other thing to consider with Victoria's population growth and the disparity between the growth in population and the growth in residents is the ‘mini baby boom’ that is currently ongoing. Many Gen Xers who supposedly never wanted to have kids decided to in their late 30’s/early 40’s to have children. Millennials are now having kids in significant numbers, as well. It’ll be interesting to see how the numbers in the younger cohorts have changed in the Victoria CMA (I don’t think that data has come out yet).
The cohort of Canadians who are having kids nowadays is huge – spanning some 20 years – from their early 20’s to early 40’s. This is a relatively new phenomenon.