In the 2021 Census of Population conducted by Statistics Canada, Makwa had a population of 78 living in 41 of its 47 total private dwellings, a change of -7.1% from its 2016 population of 84. With a land area of 0.58 km2 (0.22 sq mi), it had a population density of 134.5/km2 (348.3/sq mi) in 2021.[8]
In the 2016 Census of Population, the Village of Makwa recorded a population of 84 living in 42 of its 43 total private dwellings, a -15.5% change from its 2011 population of 97. With a land area of 0.66 km2 (0.25 sq mi), it had a population density of 127.3/km2 (329.6/sq mi) in 2016.[9]