The Decline of Canada's Fertility Rate

Canada's fertility rate has dropped to its lowest recorded level, now at 1.26 children per woman, placing it among other low-fertility countries like South Korea and Japan. This decline is attributed to various factors, including economic considerations, as the cost of raising a child has significantly increased. A report indicated that the average cost of raising a child in Canada is around $300,000, with housing, transportation, and food being the top expenses. This high financial burden prompts many individuals and couples to reconsider parenthood, not because they lack the desire to have children, but due to financial insecurity.