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Updated September 2009 Community ProfileUpdated September 2009 www.newwestcity.ca City oF new westmInster communIty Profile - UpdaTed SepTember 2009 Table of Contents 1 IntroductIon 4 1.1 History 4 2 PoPulatIon and demograPhIcs 5 2.1 Population 5 2.2 Population Projections 6 2.3 Age Profile 7 2.4 Household Type and Size 8 2.5 Housing Type and Tenure Characteristics 9 2.6 Income 10 2.7 Ethnic Origin 12 2.8 Language Knowledge 13 3 emPloyment and labour Force 14 3.1 Employment by Sector (for jobs based in New Westminster) 14 3.2 Employment Growth by Sector (for jobs based in New Westminster) 16 3.3 Regional Employment Growth 18 3.4 Leading Employers 19 3.5 Labour Force by Occupation 21 3.6 Educational Attainment 22 3.7 Major Post-Secondary Field of Study 22 3.8 Employment Insurance and Social Assistance Recipients 23 3.9 Place of Work (including Working at Home) 25 3.10 Commuting 25 4 real estate and develoPment 28 4.1 Building Permit Values 28 4.2 Housing Prices 28 4.3 Apartment Rentals 29 4.4 Non-Residential Floorspace 29 4.5 Non-Residential Floorspace by Type of Occupancy 31 4.6 Generalized Land Use 33 4.7 Office Property 35 4.8 Industrial Property 36 4.9 Retail Property 36 5 educatIon 37 5.1 Major Post-Secondary Institutions 37 5.2 Elementary and Secondary Schools 41 6 transPortatIon 42 6.1 Mode of Transportation to Work 42 6.2 Distance to Major Centres 42 6.3 Commuting Times to New Westminster 43 2 City oF new westmInster communIty Profile - UpdaTed SepTember 2009 6.4 Highways and Roads 43 6.5 Commercial Airports 44 6.6 General Aviation Airports 45 6.7 Closest Port 46 6.8 Custom Ports of Entry 47 6.9 Motor Carriers/Trucks 48 6.10 Railroads 48 7 utIlItIes and support servIces 49 7.1 Water & Sewer 49 7.2 Electric Power 50 7.3 Natural Gas 51 7.4 Telecommunications 52 7.5 Landfill & Waste Management 52 7.6 Nearest Licensed Hazardous Materials Disposal Site 53 7.7 Business Support Services 53 7.8 Warehouses 53 7.9 Couriers 53 7.10 Local Business Associations 54 7.11 International Resources 54 8 taxatIon 56 8.1 Payroll Taxes 56 8.2 Corporate Income Tax 57 8.3 Personal Income Tax 57 8.4 Sales/Use Taxes 58 8.5 Property Tax 59 8.6 Other Taxes 59 9 research base (FacIlItIes throughout metro vancouver) 60 10 government 62 10.1 Municipal 62 10.2 Regional 62 10.3 Provincial (similar to US State Government) 62 10.4 Provincial Government Representation 63 10.5 Federal Government Representation 63 11 QualIty oF Life 63 11.1 Climate 63 11.2 Religious Institutions 63 11.3 Culture and Recreation 64 11.4 Health 66 3 City oF new westmInster communIty Profile - UpdaTed SepTember 2009 1 Introduction 1 Introduction The City of New Westminster is a community of 64,000 residents, strategically located at the centre of Metro Vancouver, a region of 2.3 million people. The city is located along the north bank of the Fraser River and is home to five rapid transit stations, along with ready access to several major highways, rail and water. This community profile serves as both an introduction to New Westminster, as well as a source of detailed information on the city’s economy, the demographics of its residents, its location and transportation connections, its quality of life, and the many other factors that contribute to mak- ing it an outstanding business location. The profile content is focused first on New Westminster, but secondly on the entire Metro Vancouver region. New Westminster is tightly integrated into the regional economy and many companies, workers and shoppers routinely conduct business in multiple cities within the region. Investors considering a New Westminster location will benefit not just from local amenities, but also a regional workforce, regional institutions, and the many other qualities that consistently make Metro Vancouver one of the highest ranked metropolitan areas in the world for quality of life. 1.1 History New Westminster is a historically important community in British Columbia. Its economy has evolved in step with the national and provincial economies and as the city’s role in the region has changed, but some industries have maintained their prominence since the nineteenth century. As the original capital city of the colony of British Columbia (from 1859 until the colony became a province of Canada in 1871, at which time the capital was moved to Victoria), the public sector was established very early as an important contributor to New Westminster’s economy. Royal Columbian Hospital was established in 1862 and has gone through multiple expansions since that time. The federal government established the British Columbia Penitentiary in 1878 and it formed part of the community’s economic base for the next 102 years. St. Mary’s Hospital (recently closed) was established in 1887. Post-secondary education has emerged more recently with the establishment of Douglas College in 1970, the Justice Institute of BC in 1978, among other smaller educational and training institutions. Industrial development in New Westminster has historically been attracted by the waterfront loca- tion and the Canadian Pacific Railway, which reached New Westminster in 1886. Lumber milling and salmon canning were prominent in the nineteenth century, followed by the development of a wider range of manufacturing through the early twentieth century. The former Labatt brewery, which closed in 2005, was the latest in a series of breweries on the Brunette Avenue site dating back to 1890. 4 City oF new westmInster communIty Profile - UpdaTed SepTember 2009 Introduction - Population and Demographics 1 - 2 By the 1950s, downtown New Westminster was a thriving retail centre serving much of the Fraser Valley. The former Interurban streetcar network provided transportation prior to the widespread adoption of the automobile. The opening of Woodward’s in the Uptown neighbourhood in 1954 marked the start of a competing retail centre in New Westminster. Downtown’s heyday as a promi- nent retail centre in the region was over by the 1970s. In recent years the Downtown has experienced a resurgence as condominiums and mixed-use types of development flourish, attracting many new residents and businesses to the city. 2 population and demographics 2.1 PoPulation New Westminster’s population is growing at a healthy rate, expanding by an estimated 24% from 1996 to 2008. This exceeds the regional growth rate of 19% over the same time period. estImated PoPulatIon and annual growth, 1996-2008 new westmInster metro vancouver year PoPulatIon growth PoPulatIon growth 1996 51,487 1,906,506 1997 52,861 2.7% 1,958,602 2.7% 1998 54,561 3.2% 1,992,890 1.8% 1999 55,842 2.3% 2,025,424 1.6% 2000 57,387 2.8% 2,057,692 1.6% 2001 57,301 -0.1% 2,092,902 1.7% 2002 57,994 1.2% 2,113,053 1.0% 2003 59,162 2.0% 2,130,980 0.8% 2004 59,625 0.8% 2,147,273 0.8% 2005 59,831 0.3% 2,173,538 1.2% 2006 60,533 1.2% 2,199,121 1.2% 2007 61,671 1.9% 2,237,559 1.7% 2008 63,745 3.4% 2,271,224 1.5% 1996-2008 12,258 23.8% 364,718 19.1% Source: BC Stats (annual population estimates). Note these estimates are slightly higher than Census population because they include the estimated “net Census undercount”, which is the 3-5% of residents that are missed by the Census. 5 City oF new westmInster communIty Profile - UpdaTed SepTember 2009 2 Population and Demographics estImated PoPulatIon and growth Source: BC Stats 70,000 3.5% 60,000 3.0% 50,000 2.5% 40,000 2.0% 30,000 1.5% 20,000 1.0% 10,000 0.5% 0 0.0% -10,000 -0.5% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Year New Westminster Population New Westminster Growth Rate Metro Vancouver Growth Rate 2.2 PoPulation Projections Population projections developed by the City of New Westminster Planning Department suggest the city’s population will grow by an average of 1.3% per year through 2041, slightly higher than the projected regional growth rate of 1.2% (according to the draft Metro Vancouver Regional Growth Strategy). 1 New Westminster will add about 53,000 residents by 2041 while Metro Vancouver is projected to grow by nearly 1.2 million residents. PoPulatIon and housIng unIt ProjectIons, 2016-2041 Source: City of New Westminster, Metro Vancouver year new westmInster PoPulatIon metro vancouver PoPulatIon 2006 (estimate) 61,800 2,222,000 (BC Stats estimate) 2021 76,000 2,801,000 2031 88,000 3,147,000 2041 98,000 3,407,000 Growth 2006-2041 36,200 1,185,000 Average Growth 1.3% 1.2% 1 — Metro Vancouver (Draft - February 2009), Vancouver 2040: Shaping our future – Regional Growth Strategy. 6 City oF new westmInster communIty Profile - UpdaTed SepTember 2009 Population and Demographics 2 PoPulatIon ProjectIons and growth Sources: City of New Westminster & Metro Vancouver 125,000 1.8% 1.6% 100,000 1.4% 1.2% 75,000 1.0% 0.8% 50,000 0.6% 0.4% 25,000 0.2% 0 0.0% 2006 2021 2031 2041 Year New Westminster Population New Westminster Growth Rate Metro Vancouver Growth Rate 2.3 age Profile The age profile of New Westminster residents is generally similar to Metro Vancouver overall.
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