Alberta's Population Highlights

Albertas population is projected to be between 6.1 to 7.6 million Albertans by 2050 70% of population growth is expecting to come from principally international migration The number of people aged 65 and above will rise from 10% today to 25% of the total population in 2050 Working age (1564) Albertans are expected to decline from 71% of the population today to 60% in 2050
Planning for Shifting Demographics

Edmontons Highlights
The Edmonton CTs population is projected to grow from 1.218 million people today to 1.832 million by 2050 Edmonton CT will grow by the equivalent of one City of Leduc per year (16,000) Average of 2.42 people per household = 253,719 new households over the next 39 years 29% of Edmonton CMA households are rental Edmonton may need and build 70-100,000 new rental units between now and 2050
Planning for Shifting Demographics

Changing Demographics Mean

Our community will look very different in forty years than it does today

Planning for Shifting Demographics

Changing Demographics Mean

Accommodating a growing number of people who do not or can not travel by private automobile

Planning for Shifting Demographics

Changing Demographics Mean

Possible reduced demand for new single detached dwellings as our population ages

Planning for Shifting Demographics

Were getting older

First wave of baby boomers turn 65 this year!

More 75-year olds

Less 25-year olds

Planning for Shifting Demographics

Royal LePage Study Findings

28% of Canadians now aged 50+ intend to sell their home as part of plans for living arrangements in old age

concerned about house maintenance (67%) want access to equity (46%) plan to travel dont want a house (38%) cant afford their house (23%)
Planning for Shifting Demographics

Gen Y or the Millennials

Aged 16 to 29 in 2011 As of 2011, there are 281,000 Millennials in Edmonton and 293,000 in Calgary, which constitutes 22.7% and 21.46% of the total population, respectively Lower car ownership than previous generations at the same age High student and consumer debt Higher unemployment than Gen X

Planning for Shifting Demographics

Gen Y or the Millennials

Job opportunities tend to be either low to modest income or higher income professional jobs Take environmental stewardship as being self evident Vertically integrated technology throughout their lives Tend to live at home longer for social and economic reasons Delayed marriage and child bearing, which means fewer double incomes needed to support homeownership

Planning for Shifting Demographics

Gen Y or the Millennials

Consumer purchases based on peer recommendations. Builders and developers need to be recommended to Gen Y Homeownership is not as important to Gen Y and some of Gen X. Adaptability and flexibility in terms of jobs, lifestyle and choice of where to live

Planning for Shifting Demographics

Gen X
Aged 30 to 46 in 2011

Gen X is a small cohort Able to afford traditional single family housing due to high employment and income growth Many new immigrants are coming to Edmonton in this age cohort

Planning for Shifting Demographics

Immigrant Profile
Majority of immigrants to Canada come from India, China and the Philippines These immigrants are generally not from major centres, rather they come from either rural or provincial cities Values tend to be more traditional and less secular than existing urban population Strong desire for multi generational housing Has different spatial and cooking needs than EuroCanadian population
Planning for Shifting Demographics

Multi Generational Housing

Common form of housing for most of humanity Multi-person mortgage facilitates multi generational housing Requires flexible housing options Loser land use zone regulations Over 600-700,000 Canadian grandparents already live in the same house as their grandchildren
Planning for Shifting Demographics

Multi Generational Housing

Quality affordable child care is in short supply Childcare costs and both parents working contributes to multi generational housing Secondary suites, Granny suites, laneway homes, buildings containing two homes in one (i.e. a home within a home)

Planning for Shifting Demographics

Moving to be with Your Tribe

Planning for Shifting Demographics

Observations
Greenfield development will continue but at a slower pace than in the past.
Reurbanization and brownfield plays present new opportunity. Successful approvals, design and construction of these projects are well suited to one stop shop consulting due to complexities and coordination needs.

Planning for Shifting Demographics