1 / 21

Economic Perspective

Economic Perspective. Sunshine Coast. Shelley McDade, CEO Sunshine Coast Credit Union. Agenda. 2014 BC Snap Shot Comparing the Coast to other communities. 2014 BC Capital Expenditures Flat. 2014 BC Capital Win - Housing. 2014 – Greater Vancouver fueled population growth.

norris
Download Presentation

Economic Perspective

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Economic Perspective Sunshine Coast Shelley McDade, CEOSunshine Coast Credit Union

  2. Agenda 2014 BC Snap Shot Comparing the Coast to other communities

  3. 2014 BC Capital Expenditures Flat

  4. 2014 BC Capital Win - Housing

  5. 2014 – Greater Vancouver fueled population growth

  6. Where shall we compare

  7. Commonality • Population is <15,000 – like Gibsons & Sechelt • Attractive to a retiring demographic • Offer great outdoor experiences • Have temperate weather – ok – some are chillier than others • Perceive their community as a destination • Located by a body of water

  8. Disclaimer Purpose is to get a very approximate view of how the Coast compares to similar communities. Data/Results: • Have not been scientifically validated • Are dependent upon the data supplied by various reputable sources • Have been used from various periods – not all factors are being compared during the same time frame

  9. Context • Population • Business Starts • Consumer Bankruptcies • Unemployment Rates • Regional Employment Growth • Housing Starts • Real Estate Trends

  10. Population Source: BC Stats; Demography, Population Estimates 2011 to 2013 at www.bcstats.gov.bc.ca

  11. Business Starts Source: BC Stats; Incorporations – Communities, Regional Districts, Development Regions at www.bcstats.gov.bc.ca Gibsons – 22, Sechelt – 42, and other 33

  12. Consumer Bankruptcies by Region (2010) Source: BC Stats: Bankruptcy Rates by CMA and Economic Region at www.bcstats.gov.bc.ca

  13. Unemployment Rates Source: Employment and Social Development Canada; January 2014 Labour Market Bulletin BC at www.esdc.gc.ca

  14. Regional Employment Growth Source: Employment and Social Development Canada; January 2014 Labour Market Bulletin BC at www.esdc.gc.ca

  15. Housing Starts Value Jan to Dec 2013 Source: BC Stats; Building Permits, Housing Starts and Sales; Residential Value of Building Permits at www.bcstats.gov.bc.ca

  16. 3 year real estate trends Source: BC Real Estate Association Housing Forecast Update Newsletter, January 2014 edition. www.bcrea.ca

  17. 3 Year Real Estate Trends

  18. How did we stack up?

  19. Conclusion • Many communities our size are struggling in this economy and looking for opportunities to turn their metrics around – The Sunshine Coast appears to be in the middle of the pack. • In the case of population, construction and real estate the results are negative or low for most of the communities profiled • There are lots of communities to choose from when considering where to retire, invest or relocate for lifestyle

  20. Conclusion At a time when capital and opportunities are scarce………. How do we ensure the Sunshine Coast is the premier choice for responsible growth that will fuel a good economy and an excellent quality of life for all residents?

  21. Economic Update • In June we will be receiving another fully updated economic profile of the Sunshine Coast from Helmut Pastrick the Chief Economist at Central 1 • Please stay tuned at the Sunshine Coast website for an update - see current profile from 3 years ago

More Related