rofina wrote:Please point me to some of those. Particularly any average that might prove, even in the slightest way, that Vancouver has been a retirement town for Canadians, especially in the last 12 years.
Thanks in advance.
Hard digging thru BC Stats. No need to thank me.
Yes, there is a net outflow (intraprovincial) of retirees from metro Vancouver to lower mainland. No doubt about that. Still, interprovincial migrants do return to BC (my point).
First, the young people return when the BC biz cycle improves relative to the other provinces. Second, retirees return when they quit working.
Here's a study on interprovincial migration of immigrants Q2 2009.http://www.bcstats.gov.bc.ca/Files/f138 ... grants.pdf
The chart 'Age Distribution of Mobile Immigrants During 2001-2006, Aged 5
and Over' (second page) shows a large net inflow for age groups 55+.
They may land in Ontario. But, they move to BC eventually.
As expected, there is a smaller net outflow for those 20-44.
In the larger picture, see this report 'British Columbia Regional District Migration Components 1997-2011'. On Page 5, the data for Greater Vancouver says 2010-11 had net gain of 26,135. Of which, net inflow of 27845 (international immigration) and 105 (interprovincial). Outflow of 1,815 intraprovincial.
So, the inflow of immigrants far offset the outflow of retirees from Vancouver. The important point is that the youngish immigrants are here to set up families. Means that they have the intention to buy RE when they can afford it.http://www.bcstats.gov.bc.ca/Files/1290 ... onents.pdf
Further documents here. Help yourself.http://www.bcstats.gov.bc.ca/Statistics ... ility.aspxhttp://www.bcstats.gov.bc.ca/Publicatio ... ights.aspx