Business Statistics & Community Profile

DID YOU KNOW?

The provincial government has invested over $1 billion in transportation infrastructure in the region, making it easier and more affordable to move your goods and services throughout Metro Vancouver and the Lower Mainland, across Canada and to the USA.

Demographics


Growth Equals Opportunities for New Businesses


WORKFORCE INFORMATION

Current Population1 82,256
2041 Population Estimate 2 118,000
Median One-family Household Income1 $99,899
Local Community Workforce1 45,855
Workforce within a 30-minute Commute 3 800,000
Participation Rate1 68.9%
Unemployment Rate1 5.1%
Average Age1 40.1
Sources: Statistics Canada 2016 Census; 2 Regional Context Statement OCP; 3 City Data

10-YEAR AGE GROUPINGS

0-9 years  12%
10-19 years 13%
20-29 years 11%
30-39 years 13%
40-49 years 15%
50-59 years 16%
60-69 years 12%
70+ years 8%
Sources: Stats Canada 2016

HOUSING

Benchmark Price Single Family Detached Home in Maple Ridge (Dec 2017)1 $827,00
Benchmark Price Single Family Detached Home in Greater Vancouver (Dec 2017)1 $1,605,800
Average 2 Bedroom Monthly Rent in Maple Ridge (Oct 2017)2 $1,016
Average 2 Bedroom Monthly Rent in Metro Vancouver (Oct 2017)2 $1,552
Vacancy Rate 2 Bedroom in Maple Ridge (Oct 2017)2 0.5%
Vacancy Rate 2 Bedroom in Metro Vancouver (Oct 2017)2 0.9%
Home Ownership Rate3 79.9%
Average Monthly Shelter Costs 3
Owner
Renter

$1,600
$1,088
Sources: 1 www.rebgv.org; 2 CMHC; 3 Stats Canada 2016

BUSINESS INFORMATION

Total Business Licences (2016) 4,401
New Business Licences (2016) 6461
Note: This is not a Net figure and is an approximate number based on various data captured.

# OF BUSINESSES IN KEY SECTORS

Construction + Certified Trades 1367
Business/Professional Service 377
Retail 65
Food/Beverage Service 185
Manufacturing 133
Wholesale 84
E-Commerce/Direct Sales 56
Technology 73
Transportation 57

12 LARGEST EMPLOYMENT SECTORS

Construction
5,275
Retail Trade
5,270
Health Care and Social Assistance
4,990
Manufacturing
3,215
Education Services
2,930
Accommodation and Food Services 2,630
Transportation and Warehousing 2,540
Professional, Scientific and Technical Services
2,495
Public Administration 2,395
Other Services (except public administration) 2,090
Wholesale Trade 1,990
Finance and Insurance 1,800
Source: Stats Canada 2016

TRANSPORTATION/LOGISTICS

Located on Highway 7

North of Highway 1 10 minutes
To CPR Intermodal Yard (Pitt Meadows) 15 minutes
To USA Border (176 St Truck Crossing) 40 minutes
To Surrey Fraser Docks 30 minutes
To DeltaPort 55 minutes
To Pitt Meadows Regional Airport 10 minutes
To Abbotsford International Airport 25 minutes
To Vancouver International Airport 55 minutes