thoughtful real estate.
U D I L U N C H E O N 2 0 1 9 looking beyond the headlines & charting our way forward. Andy Ramlo V P, I N T E L L I G E N C E
1 economics & politics U D I 2 0 1 9 2 road map demographics, demand & supply 2 the squeezed generation 3
M Y T H M Y T H
M Y T H 01 the millennials are fleeing the city of vancouver
C I T Y O F V A N C O U V E R population by age 63,475 61,710 61,710 61,710 61,710 2016 48,915 48,915 48,915 48,915 48,915 46,890 46,890 46,890 46,890 46,890 46,845 46,845 46,845 46,845 46,845 44,150 44,150 44,150 44,150 44,150 43,890 43,890 43,890 43,890 43,890 42,100 42,100 42,100 42,100 42,100 the millennial generation born 1986 to 2005, the millennial generation born 1986 to 2005, the millennial generation born 1986 to 2005, the millennial ge the m the millennial generation born 1986 to 2005, the millennial generation born 1986 to 2005, the millennial generation born 1986 to 2005, the millennial generation born 1986 to 2005, illennial ge nnial generation born 1 nnial generation born 1986 to 2005, 37,150 37,150 37,150 37,150 37,150 37,150 32,760 32,760 32,760 32,760 32,760 aged 11–30 in 2016 aged 11–30 in 2016 ag aged 11–30 in 2016 aged 11–30 in 2016 aged 11–30 in 2016 28,270 28,270 24,615 24,615 24,615 22,900 22,900 22,900 23,010 23,010 8,615 8,615 20,835 20,835 4,140 4,140 16,630 16,630 13,115 13,115 1,220 1,220 250 250 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+
0-4 24,615 24,615 5-9 22,900 22,900 2011 10-14 23,010 23,010 15-19 28,270 28,270 44,285 20-24 44,150 25-29 63,475 63,475 2016 population by age 30-34 61,710 61,710 C I T Y O F V A N C O U V E R 35-39 age group change = - 135 (- 0 . 3 %) 2016 2016 48,915 48,915 40-44 43,890 43,890 45-49 46,890 46,890 50-54 46,845 46,845 55-59 42,100 42,100 60-64 37,150 37,150 65-69 32,760 32,760 70-74 20,835 20,835 75-79 16,630 16,630 80-84 13,115 13,115 85-89 8,615 8,615 90-94 4,140 4,140 95-99 1,220 1,220 100+ 250 250
0-4 24,615 24,615 5-9 22,900 22,900 2011 10-14 23,010 23,010 29,095 15-19 28,270 20-24 44,150 25-29 63,475 63,475 2016 population by age 30-34 61,710 61,710 C I T Y O F V A N C O U V E R 35-39 age cohort change = +15 , 055 ( 52 %) 2016 2016 48,915 48,915 40-44 43,890 43,890 45-49 46,890 46,890 50-54 46,845 46,845 55-59 42,100 42,100 60-64 37,150 37,150 65-69 32,760 32,760 70-74 20,835 20,835 75-79 16,630 16,630 80-84 13,115 13,115 85-89 8,615 8,615 90-94 4,140 4,140 95-99 1,220 1,220 100+ 250 250
0-4 24,615 5-9 22,900 2011 10-14 23,010 15-19 28,270 20-24 44,150 25-29 63,475 population by age 30-34 61,710 C I T Y O F V A N C O U V E R 35-39 2016 48,915 40-44 net 5-year cohort change 43,890 45-49 46,890 50-54 46,845 55-59 42,100 60-64 37,150 65-69 32,760 70-74 20,835 75-79 16,630 80-84 13,115 85-89 8,615 90-94 4,140 95-99 1,220 100+ 250
0-4 5-9 10-14 15-19 20-24 25-29 cohort change by age 30-34 C I T Y O F V A N C O U V E R 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85-89 90-94 95-99 100+
-10,000 10,000 15,000 20,000 -5,000 5,000 0 0-4 5-9 10-14 15-19 net gain 20-24 25-29 cohort change by age 2011_2016 30-34 C I T Y O F V A N C O U V E R 35-39 net loss 1991_1996 40-44 45-49 1996_2001 50-54 2001_2006 55-59 60-64 2006_2011 65-69 70-74 75-79 80-84 85-89 90-94 deaths deaths 95-99 100+
C A N A D A 2 0 1 8 population by age 100 95 90 85 80 75 70 37 . 2 MILLION RESIDENTS Baby Boomers (53–72) 65 60 9.4 million (25%) 55 50 GenX (33–52) 45 9.9 million (27%) 40 35 30 Millennials (13–32) 25 9.5 million (25%) 20 15 10 5 0 320,000 240,000 160,000 80,000 0 80,000 160,000 240,000 320,000
C A N A D A proportion of kids (still) at home? 20–24 years old 20–24 years old 25–29 years old 25–29 years old 61% 61% 59% 59% 59% 59% 56% 56% 30–39 years old 30–39 years old 55% 55% 49% 49% 47% 47% 58% of millennials were 58% of mil 58% of mil 58% of mill 58% of mill lennials were lennials were s were s were 40% 40% still living at hom still living at home in 2016 still living at home in 2016 still living at home in 2016 still living at hom still living at hom still living at hom in 2016 (and 6% of GenX) in 2016 (and 6% of Gen (and 6% of Gen d 6% of GenX d 6% of GenX 26% 26% 26% 24% 24% 23% 23% 21% 21% 19% 19% 15% 15% 14% 14% 10% 10% 10% 10% 9% 9% 1981 1981 1985 1985 1991 1991 1996 1996 2001 2001 2006 2006 2011 2011 2016 2016
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