Millennials to drive housing demand

Author: Boychuk Mortgage Group | | Categories: First Time Home Buyer Mortgage , Home Purchase Mortgage , Mortgage Broker , Mortgage Loans

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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.

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Original Article Source Credits: Read Estate Board of Greater Vancouver,

Article Written By: NA

Original Article Posted on: 24th August 2021

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