the rennie landscape - Q2 2019

demographics

THREE COMMUNITIES PUNCHING ABOVE THEIR WEIGHT

Over the past half-decade, Metro Vancouver has grown by between 35-48K people each year, accounting for 55% of BC’s growth over the period. The most recent estimates show that Surrey and Vancouver themselves accounted for 55% of regional growth between 2017-18, despite accounting for only 46% of the existing population. This was entirely due to Surrey alone having accounted for almost 2 out of every 5 additional regional residents (38% of growth) between 2017 and 2018, while accounting for only 1 out of every 5 residents currently living in the region (21% of total population). Put slightly differently, Vancouver has been punching below its weight.

Richmond and the Township of Langley also accounted for a combined 15% of regional growth while accommodating only 13% of current residents, meaning these three communities (Richmond, Langley, and Surrey) accounted for more than half of the region’s growth but only roughly one-third of its existing population. Expect this trend to continue. While local land use policy unequivocally influences the pace and form that residential growth takes, the availability of land and associated lower cost of ownership (and rental) continues to play a significant role in the spatial distribution of Metro Vancouver’s growth.

THE CHANGING DEMOGRAPHIC LANDSCAPE IN METRO VANCOUVER ›

 POPULATION ADDITIONS

 POPULATION ADDITIONS

 POPULATION

SURREY

14,865

569,065

VANCOUVER

6,653

672,963

RICHMOND

3,473

216,300

BURNABY

2,740

248,476

LANGLEY TOWNSHIP

2,259

127,290

 POPULATION

COQUITLAM

1,681

149,490

MAPLE RIDGE

1,354

88,626

DELTA

1,276

109,484

NEW WESTMINSTER

1,245

76,799

ALL OTHER

3,916

395,733

SOURCE: MUNICIPAL ESTIMATES, BC STATS

8

rennie.com

Made with FlippingBook - professional solution for displaying marketing and sales documents online