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City Review

Vancouver City Review

Oct 2017

US$725

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

In 2016, Vancouver was home to 2.6 million people, making it the third largest metropolitan region in the country. Thanks to Canada's liberal immigration policies and the well-promoted liveability of the city, Vancouver's population and economy are growing rapidly. 20% of the city's households received an annual disposable income of over USD100,000 in 2016, compared to 14% in the rest of Canada. However, Vancouver is an expensive city, with house prices among the highest in the country.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

VANCOUVER HIGHLIGHTS

Vancouver's concentration of high value-added industries in business services elevates labour productivity. In 2016, its GVA per employee stood 8.7% above the rest of the country's average. Of all the major cities in Canada, labour productivity growth was the most pronounced in Vancouver over 2011-2016, increasing by 13% in real terms, compared to 3.3% growth in the rest of the country.

Labour productivity advantage raises households' disposable incomes

Higher labour productivity boosts households' disposable incomes, which in 2016 were 5.9% greater in Vancouver compared to the rest of the country. Lower unemployment than elsewhere in Canada also explains higher household disposable incomes in Vancouver.

Lower consumer expenditure per household than in the rest of Canada

Consumer expenditure per household (excluding housing and transport) was 0.1% lower in Vancouver than in the rest of Canada in 2016, as more expensive housing constrains spending on other items. Nonetheless, education received 82% more expenditure in the city compared to the rest of the country in 2016, while hotels and restaurants received 11% more.

Higher spending on housing and transport

In 2016, combined per household expenditure on housing and transport was 9.9% greater in Vancouver than in the rest of the country, making the city rather unaffordable given the lower disposable income premium in the metropolis (+5.9%). City unaffordability is chiefly driven by Vancouver featuring one of the most expensive property markets in Canada.

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Vancouver City Review

VANCOUVER REVIEW AT A GLANCE

Understanding Vancouver Review structure

Chart 1 Overview

Key facts on Vancouver

Summary 1 Key Facts On Vancouver 2011, 2016, 2021

VANCOUVER HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Vancouver Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Vancouver 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Vancouver, Canada And Other Cities In North America, 2011-2021
Summary 2 Labour Market Changes In Vancouver 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Vancouver 2011-2016

Household income

Chart 8 Household Distribution By Income In Vancouver 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Vancouver And Canada, 2016
Summary 3 Vancouver Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

2016 - The Third Consecutive Record-Breaking Year For Tourism
One Of The Most Digitally Developed Cities In North America

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Vancouver City Review

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Overview

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VANCOUVER HIGHLIGHTS

Labour productivity advantage raises households' disposable incomes

Lower consumer expenditure per household than in the rest of Canada

Higher spending on housing and transport

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Table of Contents

Vancouver City Review

VANCOUVER REVIEW AT A GLANCE

Understanding Vancouver Review structure

Key facts on Vancouver

VANCOUVER HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Recently Viewed

Megatrends

City Review

Vancouver City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

VANCOUVER HIGHLIGHTS

Labour productivity advantage raises households' disposable incomes

Lower consumer expenditure per household than in the rest of Canada

Higher spending on housing and transport

Want to find out more about this report?

Table of Contents

Vancouver City Review

VANCOUVER REVIEW AT A GLANCE

Understanding Vancouver Review structure

Key facts on Vancouver

VANCOUVER HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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Complete Catalogue

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Recently Viewed

Complete Catalogue

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