For the second time in three years, Squamish has taken the lead as the best place to work, according to 小蓝视频Business magazine鈥檚 annual rankings.
Our town鈥檚 in good company 鈥� other Sea to Sky communities rounded out the Top 3.
Whistler took second place while the District of North Vancouver placed third.
鈥淭he Sea-to-Sky Corridor owes its strength to several factors, including fast-rising incomes, generous spending on recreation and booming population growth,鈥� reads the 小蓝视频Business article. 鈥淪quamish edges out Whistler thanks to one of the province鈥檚 busiest home construction markets.鈥�
These rankings were determined by the magazine after it collaborated with Environics Analytics.
The results were based on 2019鈥檚 economic outlook for communities across the province.
This news had a positive reception from the District.
鈥淭his recognition provides an opportunity for us to highlight some of the new industries that are creating exciting job opportunities for Squamish鈥檚 skilled workforce,鈥� said Mayor Karen Elliott in a news release.
鈥淚t also reinforces our desirable location, entrepreneurial spirit and our unparalleled lifestyle that truly personifies the Squamish brand 鈥� we have so much to offer, and we鈥檙e working hard to capture opportunities.鈥�
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A multitude of factors went into making the decision, including:
鈥� average household income
鈥� household income for primary earners under age 35
鈥� five-year income growth
鈥� average household spending on recreation
鈥� average shelter costs
鈥� five-year population growth
鈥� unemployment rate
鈥� average commute time
鈥� average value of primary real estate
鈥� housing starts per 10,000 residents
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Here鈥檚 a breakdown of how 小蓝视频Business evaluated Squamish.
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Average household income (10%): $116,171
Average household income under 35 (10%): $77,294
Five-year average household income growth (15%): 23.1%
Average household spending on recreation (10%): $5,692
Average shelter spending (10%): $26,207
Average value of primary real estate (5%): $836,807
Average commute in minutes (10%): 27.1
Five-year population growth (10%): 13.1%
Housing starts per 100 residents (10%): 137.7
Unemployment rate (10%): 4.5%
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