Age pyramid of the Canadian population for 1984, 1994 and 2004. Canada's population will continue to grow in the foreseeable future, but the rate of growth is declining (currently ~1% per year) and may in time become negative. The population is projected to increase from 31 million in 2000 to approximately 36 million in 2026, peaking at about 37 million in 2040. By 2024 deaths will probably exceed births, although immigration may sustain ongoing population growth until 2040. The number of people aged 65 and older is expected to increase from 3.9 million in 2000 to approximately 7.8 million in 2026, reaching approximately 9.4 million by 2051. By 2031, about 25% of Canadians will be aged 65 or older. The fastest-growing segment of the older population will be those aged more than 80, a group that will nearly double in size between 2000 and 2026, and quadruple in size between 2000 and 2051.Source: Statistics Canada, Annual Demographic Statistics, 2004, 2005.