State of the North report sheds light on northern BC economy

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Northern Development Initiative Trust and MNP have released a State of the North report to provide community and business leaders with regional data about the economy.

The report gives general data about Northern BC, with sections devoted to specific regions.

Notably, the report says Northeast BC is the only part of Northern BC that has steady population growth. Between 2011 and 2016, the population grew by 7 per cent, and mostly in Fort St. John and surrounding areas. The report suggests this is due to the nearby construction of the Site C dam and oil and gas exploration. Overall, employment has also remained steady, with the forestry and construction sectors growing while the oil, gas, and mining sectors shrank.

The report also says that median wages are higher in the northeast than in other northern BC regions, due to significant mining, oil, and gas industry in the area. According to the report, the median housing prices have jumped between 8.5 and 27.6 per cent in the major districts in the region, while Tumbler Ridge’s median housing prices have plummeted by 23 per cent.

To see the report, visit the State of the North website here.

Stock photo.

 

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