Millennials to drive housing demand

Over the next decade (2019-2029), there will be 861,000 job openings in BC, according to the British Columbia Labour Market Outlook.

69% of these future job openings will be to replace workers leaving the labour force.
598,000 job openings will be due to retiring workers will need to be replaced.
31% of the 10-year total job openings will be new jobs created through economic growth.

Employment in BC is expected to be at a rate of one percent annually and will reach almost 2.8 million by 2029.

Original Article Source Credits: Read Estate Board of Greater Vancouver, https://www.rebgv.org/

Article Written By: NA

Original Article Posted on: 24th August 2021