Vancouver, British Columbia is a vibrant city with a population of over 630,000 people. Its population is diverse in age range and has a unique demographic makeup compared to other Canadian cities. In this blog post, we’ll take a closer look at Vancouver’s age demographics and the factors that contribute to its unique characteristics.
A Closer Look At Vancouver’s Age Demographics
The latest data from Statistics Canada reveals that 45% of Vancouver’s population is between 15-64 years old while 32% are under 14 years old and 23% are 65 years or older. Compared to other major cities in Canada such as Toronto (41.7%), Calgary (37%) and Montreal (34%), Vancouver has an above average share of young adults aged 15-29 making up 22%. This makes sense considering the city’s strong economy which attracts many youth looking for work opportunities.
In addition, there are more senior citizens living in the area than most other Canadian cities at 12%, much higher than Toronto (6%) or Calgary (7%). With its mild climate and plentiful outdoor activities, it seems like an ideal place for retirees who want to enjoy their golden years away from harsh winter weather conditions elsewhere in the country.
Why Is The Population Of Young Adults Growing?
One reason why young adults might be flocking to Vancouver could be due to its thriving job market fueled by tech companies seeking talent here; Amazon announced earlier this year that they will be opening up two new offices here which signals even more growth potential for those looking for employment opportunities in technology fields specifically. Additionally there are plenty of cultural attractions including world class restaurants, trendy boutiques, music venues and entertainment options all within walking distance from each other – something younger generations value highly when deciding where they want to live .
What Does This Mean For The Future Of The City?
The increase of younger residents suggests positive growth potential for businesses located in Vancouver since millennials tend to have higher spending power than any other generation before them – all signs point towards further investment into local businesses as well as increased tourism activity throughout the area if these trends continue over time . It also means that it could become increasingly difficult for seniors who want access affordable housing if nothing is done about it soon – currently only one third of renters pay less than 30% on rent while two thirds do not according to recent statistics showing how unaffordable housing costs can become problematic even though wages have risen slightly over recent months .