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Deep Roots, Greater Heights

Strategic Economic Initiatives District of Maple Ridge | Tel: 604-467-7320 | Fax: 604-467-7335 | invest@mapleridge.ca
Street Address 190-22470 Dewdney Trunk Road, Maple Ridge, BC Canada V2X 6A9
Mailing Address 11995 Haney Place, Maple Ridge, BC Canada V2X 6A9

Investment

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Retail Trade and Commercial

Valley Fair MallIn 2001, close to 50 percent of the Maple Ridge workforce was employed in the service sector (excluding the public sector and accommodation). This percentage is expected to gradually increase as the economy shifts from a goods-producing base to a service base. Major commercial nodes include downtown and western Maple Ridge along Lougheed Highway.

There is a major opportunity for retailers to locate in Maple Ridge and service the regional trade area population, currently in excess of 130,000 people.

Growth in the retail sector is expected to accelerate in the future as constraints to growth are relaxed, notably through the construction of the Golden Ears Bridge and population growth. Competitive tax rates, a good investment climate and competitive development cost charges, together with the long-term implementation of strategic recommendations made in the District's Commercial Land Use Study, will attract more retail businesses and encourage more local shopping.

Implementation of the proposed Town Centre Concept Plan will also contribute to greater retail growth, taking advantage of an evolving trend in retail toward more localized developments close to new residential growth. Some of this new space will be in redevelopments. The GVRD has projected a 65 percent increase in retail space for Maple Ridge and Pitt Meadows between now and 2021, which will more than double its share of total regional space from three to seven percent. A 45 percent increase in office space is also expected by 2021.

Retail Profile

Activity Measures Number     % of Total
Total Labour Force 33,380 100%
Retail and Wholesale Trade Labour Force 5,485 16.4%
Services Labour Force 14,145 42.4%
Personal Income (2001) Wholesale $49,965 -
Personal Income (2001) Retail $36,840 -
Retail and Services Business Licences 1,726 78.7%
Total Retail Floor Space (thousands sq. metres 2001) 168 3%
Total Office Floor Space (thousands sq metres 2001) 33 1%

Major Employers

Arcus Community Services Westcoast Ford Lincoln
Save-On Foods FSR Treatment Inc.

Major Nodes

Downtown Lougheed Highway/Dewdney Trunk