Candidate School On Business · Condos Retail School Warehouse Apartments Office Fire Hall...

Candidate School On Business Port Moody

Economic Overview

DEMOGRAPHICS National Household Survey

10/20/2014 Port Moody

Population (2011 Census)


• Population: 32,975

• Growth rate: 5.9% between 2006-2011

• Population Density: 1,273.8 persons/km2

• Projected population: 50,000 in 2041

0

10,000

20,000

30,000

40,000

50,000

60,000

Po

pu

lati

on

Growth


Immigration

0%

10%

20%

30%

40%

50%

60%

Immigrant Origins • 31.6% of Port Moody residents are immigrants

• 68% of residents consider English their first language

• Top 5 Mother Tongues: – Korean

– Farsi

– Mandarin

– Spanish

– Russian

Income and Housing


• Total Number of Private Households: 12,630

• Average persons/household: 3.0

• Average Income: $50,162

• Average Household Income: $111,592

MARKET INDICATORS



Labour Force

• Total Labour Force: 19,130

• Participation Rate: 71.5%

• Unemployment Rate: 7.1%

• Highest Education Level

– University/College: 71%

– Trade School: 7%

– High School: 20%


Labour Force by Industry

Professional, scientific and technical services, 2200

Retail trade, 1945

Health care and social assistance, 1835

Educational services, 1810

Public Administration,

1300

Construction, 1290

Accommodation and food services,

1075

Information and cultural industries, 1010

Manufacturing, 970

Finance and insurance, 955

Wholesale trade, 885

Other services, 875

Admin support, waste management, remediation services, 760

Transportation and warehousing, 650

Real estate and rental and leasing, 550

Arts, entertainment and recreation, 335 Utilities, 165

Mining, quarrying, and oil & gas extraction, 125

Agriculture, forestry, fishing, hunting, 30

Management of companies or enterprises, 20


Port Moody Business Licenses

0

500

1000

1500

2000

2500

3000

2009 2010 2011 2012 2013

1779

2657 2483

2651 2498

Total Construction Permit Values (in Millions of Dollars)

$-

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

2009 2010 2011 2012 2013


Building Permit Values

2012 Totals 2013 Totals

Residential $4.8 Million $5.85 Million

Commercial $1.4 Million $3.3 Million

Institutional $7.9 Million $1.8 Million

Industrial $0 Million $0 Million


Residential Commercial Institutional Industrial

Condos Retail School Warehouse

Apartments Office Fire Hall Manufacturing

Single Family Dwellings

Restaurant Community Centre

Townhomes

TAXES IN PERSPECTIVE



Tax Rates

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Major Industry 71.0503 69.9390 68.9686 59.1590 60.2876 58.3181 67.0612 71.2410 74.4654 77.3830

Light Industry 41.3559 36.5215 32.3726 27.9042 28.9584 27.9726 28.0550 27.3814 31.6488 26.6996

Business 25.8486 24.6747 21.6806 18.4238 19.0836 18.6855 18.3925 18.1177 18.0595 17.9710

0.0000

10.0000

20.0000

30.0000

40.0000

50.0000

60.0000

70.0000

80.0000

90.0000

Pe

rce

nt


Major Industry Tax Rates Across the Lower Mainland

0.0000

10.0000

20.0000

30.0000

40.0000

50.0000

60.0000

70.0000

80.0000

2010 2011 2012 2013 2014

Burnaby

Coquitlam

Delta

Maple Ridge

New Westminister

North Vancouver (City)

North Vancouver (District)

Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Surrey

Vancouver


Light Industry Tax Rates Across Metro Vancouver

0.0000

5.0000

10.0000

15.0000

20.0000

25.0000

30.0000

35.0000

40.0000

2010 2011 2012 2013 2014

Burnaby

Coquitlam

Delta

Maple Ridge

New Westminster



Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Surrey

Vancouver


Business Tax Rates Across Metro Vancouver

0.0000

5.0000

10.0000

15.0000

20.0000

25.0000

30.0000

2010 2011 2012 2013 2014

Burnaby

Coquitlam

Delta

Maple Ridge

New Westminster



Pitt Meadows

Port Coquitlam

Port Moody

Richmond

Surrey

Vancouver

Tri-Cities Major Industry Tax Rates

10/20/2014 Coquitlam

0.0000

10.0000

20.0000

30.0000

40.0000

50.0000

60.0000

70.0000

80.0000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Coquitlam

Port Moody

Port Coquitlam

Tri-Cities Light Industry Tax Rates


0

5

10

15

20

25

30

35

40

45

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Coquitlam

Port Moody

Port Coquitlam

Tri-Cities Business Tax Rates


0

5

10

15

20

25

30

35

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Coquitlam

Port Moody

Port Coquitlam


Tax Burden Distribution

0%

10%

20%

30%

40%

50%

60%

70%

80%

2008 2009 2010 2011 2012 2013

Residential

Business*

*Business includes Major Industry, Light Industry, Business & Farm

Assessment Values in millions of dollars


$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

2005 2006 2007 2008 2009 2010 2011 2012 2013

Other 5 7 6 7 7 7 13 14 14

Business/Industry 275 316 380 463 487 521 531 548 563

Residential 3,071 3,626 4,664 5,398 5,714 5,557 5,995 6,159 6,343

City Budget - Overview


City Budget - Operations


Sources


• Ministry of Community, Sport, & Cultural Development

• BC Assessment

• 2011 Census

• 2011 National Household Survey

• City of Port Moody

Candidate School On Business · Condos Retail School Warehouse Apartments Office Fire Hall...

Documents

Transcript of Candidate School On Business · Condos Retail School Warehouse Apartments Office Fire Hall...