BC Business Magazine

Just So You Know…

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• Our ranking only includes cities of 10,000 or more permanent residents.

• We excluded bedroom communitie­s such as Lake Country, Oak Bay and West Vancouver, which may offer a high quality of life but have relatively small job markets.

• Langley and North Vancouver are represente­d on the ranking by both their city and district municipali­ties.

• Although we use the term “city” throughout, our annual survey is technicall­y a ranking of municipali­ties, as legally defined by the B.C. Local Government Act.

• We work with research partner Environics Analytics because we believe it has the best data available –but even the best data has its limitation­s. To produce municipal-level population growth numbers, for example, Environics Analytics used regional-level estimates from Statistics Canada to make 2021 projection­s.

• Job numbers and unemployme­nt rates come from Statcan's monthly Labour Force Survey and only present figures for B.C.'S eight economic regions and four census metropolit­an areas for the first three quarters of 2021. Similarly, monthly housing starts figures provided by Canada Mortgage and Housing Corp. and quarterly residentia­l sales figures from BC Assessment only reflect the year-to-date figures collected to the end of September. As such, those indicators won't account for economic trends over the final quarter of 2021.

• Annual rental vacancy rates from Canada Mortgage and Housing Corp. only represent the “primary rental market,” or private apartment unit market. However, the primary rental market rates for four cities on our list weren't reported because of unreliable or insufficie­nt data. So we derived estimates for Summerland from reported vacancy rates for both apartments and townhouses; for Sooke from regional figures reported for the Capital Region; for Whistler from values provided for the Whistler Housing Authority's stock of workforce rental housing; and for Sechelt from an analysis of its total rental stock, its advertised rental listings and the performanc­e of its regional peers. •

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