Report suggests job changes and rental vacancies help Coquitlam’s case as a ‘resilient’ city
February 4, 2022
By Tri-Cities News |
Do you believe Coquitlam is a community that has met the needs of new residents in providing jobs, homes and a sense of belonging?
Turns out, this may resonate with more people than we think.
According to analysts with BCBusiness — a magazine dedicated to highlighting the province’s entrepreneurial community — Coquitlam has become a more livable municipality in the past year thanks, in part, to providing more employment options and rentals to meet its population growth.
As a result, the city jumped to ninth overall in BCBusiness’ 2022 rankings for B.C.’s Most Economically Resilient Cities, also known as the best places to work.
That’s a hike of 34 spots from 43rd last year, the second-highest ranking improvement among the 50 communities assessed, and is one of three in the Metro Vancouver region listed among the top 10.
The report is based on 10 economic factors and was only assessed in areas of 10,000 or more permanent residents:
- Five-year population growth
- Household financial vulnerability
- Resident sense of belonging
- Residential greenhouse gas emissions
- Rental vacancy rate
- Residential sales
- Housing starts
- Change in jobs
- Average annual unemployment rate
- Economic diversity