Immigrants rush in; Alberta's population reaches a new peak.

According to Statistics Canada, this year's population gain in Alberta is a record year population gain in Alberta is a record. The report says, Alberta has 4.7 million people as of July 1. According to the data, this is 4.1 percent greater than the same period last year. As per ATB Financial vice president and chief economist Mark Parsons, the growth in total population this year surpasses the previous high of 77,800 in 2013. According to him, the migration of individuals to Alberta has resulted in an increase in housing demand and consumer expenditure.