Sunshine Coast Credit Union’s (SCCU) recently commissioned economic outlook and review for the region forecasts a stable economic climate to anchor both the Credit Union’s financial strength and performance, as well as that of the local business and non-profit sectors.
Highlights of the review indicate an expanding population base that will continue to drive the Coast economy with a positive consumer demand profile. Employment is forecast to climb more than four per cent from 2016 through 2021. Housing markets will continue to operate at a high level with a strong increase in building permits, elevated home sales near 1,000 units per year on average, and median home values increasing 20 per cent by 2021. The share of non-local owner housing demand is likely to decline as retirees transition to the region full-time.
The review is available on the SCCU website www.sunshineccu.com/FutureCoast. Bryan Yu, deputy chief economist, Central 1 Credit Union Economics, emphasized that professionals who can work remotely and still be linked to their clients and employers, will find the Coast lifestyle highly attractive. “Small scale consultants searching for a more affordable and natural setting could find the Coast a good fit for their business, with small enterprises and other new businesses making up the fastest growing sector of the Coast economy,” said Yu.
Shelley McDade, CEO of SCCU said Yu’s research and analysis “reflects the realities we are seeing at Sunshine Coast Credit Union. Steady growth in our member base, coincident with increased financial expertise and services from our own expanded team, demonstrate our commitment to anticipating and delivering on the evolving expectations of our members.”
On Oct. 3 at Raven’s Cry Theatre, Yu will elaborate on the economic future of the Sunshine Coast after a short presentation from the Sunshine Coast Community Foundation on the latest Vital Signs data. SCCU will kick off the event with a special information session for non-profit representatives. Peter Brown, a partner at the law firm of Edwards, Kenny & Bray LLP, will speak to Legal Considerations for Non-Profit Organizations, including the nexus between charities and advocacy work, as well as contracts and director and officer liability.
Save your seat and RSVP to: FutureCoast@sunshineccu.net.
