No, if you assign parent component property to componentRef angular won't remove component from memory.

Angular only destroys component and removes its own references to this component. But reference to componentRef remains to live in your component property. So i would assign null to it. This way garbage collect will be able to clear memory

Plunker Example (add => clear => check)

@Component({
  selector: 'my-app',
  template: `
    <div>
      <button (click)="addComponent()">Add component</button>
      <div #container></div>
      <button (click)="clear()">Clear</button>
      <button (click)="check()">check</button>
    </div>
  `,
})
export class App {
  comp: ComponentRef<DynamicComponent>;

  constructor(
     private vcRef: ViewContainerRef, 
     private resolver: ComponentFactoryResolver) {}

  addComponent() {
    let factory = this.resolver.resolveComponentFactory(DynamicComponent);
    this.comp = this.vcRef.createComponent(factory);
  }

  clear() {
    this.vcRef.clear();
  }

  check() {
    alert(this.comp);
  }
}

See also

• https://developer.mozilla.org/en/docs/Web/JavaScript/Memory_Management#Garbage_collection

I am not 100% sure but Angular calls ngOnDestroy() method of dynamically created components when their parent component is removed by Router.

here is a plunker: https://plnkr.co/edit/rAX6745xZi6EvP8N78IL?p=preview

import {Component, NgModule,Injector, ComponentFactoryResolver, 
TemplateRef, ViewChild, ViewContainerRef} from '@angular/core'
import {BrowserModule} from '@angular/platform-browser'
import {Routes, RouterModule, Route} from '@angular/router';

@Component({
  selector: 'my-other',
  template: `<div>other</div>`
})
export class Other {}

@Component({
  selector: 'my-cmp',
  template: `<div>
     my cmp 
     <ng-content></ng-content>
   </div>
   `
})
export class MyComp {
  ngOnDestroy() {
    console.log('dynamic component ngOnDestroy is called');
  }
}

@Component({
  selector: 'my-app',
  template: `
     <a routerLink="/viewchild">go viewchild</a>
     <a routerLink="/other">go other</a>
     <div>
     <router-outlet></router-outlet>
     </div>
     `
})
 export class App {}    

@Component({
  selector: 'my-prt',
  template: `
    <div>
      <button (click)="create()">Create</button>

       <div #vc>
          <my-cmp>static one</my-cmp>
       </div>
    </div>
  `,
})
export class Parent {
  @ViewChild('vc', {read: ViewContainerRef}) vc: ViewContainerRef;
  cmpRef = [];

  constructor(private injector: Injector, private componentFactoryResolver: ComponentFactoryResolver) {
  }

  create() {
    const projectableNodes = [[document.createTextNode('a'), document.createTextNode('b')]];
    const factory = this.componentFactoryResolver.resolveComponentFactory(MyComp);
    this.cmpRef.push(this.vc.createComponent(factory, this.injector, undefined, projectableNodes);
  }

  ngOnDestroy() {
     //this.cmpRef.forEach(ref=>ref=null);
  }
}

let routes = [
  {path:'viewchild', component: Parent},
  {path:'other', component: Other}
];

@NgModule({
  imports: [ BrowserModule, RouterModule.forRoot(routes ],
  declarations: [ App, MyComp, Parent, Other ],
  entryComponents: [MyComp],
  bootstrap: [ App ]
})
export class AppModule {}