Yukonomist: The greying of the Yukon

It’s the kind of thing you might see in a society that suffered a major war twenty years ago

More Yukoners are deciding to spend their golden years here, rather than retiring Outside.

The Yukon Statistics Bureau’s latest demographic report shows how our population has changed over the last ten years.

While the total population went up 18 per cent over the period, the number of Yukoners over the age of 60 went up more than three times as fast. Those aged over 75 went up 65 per cent and Yukoners in the 65-74 age bracket more than doubled.

Meanwhile, youth under 15 years were up only 12 per cent and the 15-29 year-old cohort went up 4 per cent, a surprisingly small increase.

For most of human history, the demographic chart has looked like a pyramid. There are lots of children, fewer adults, and a small number of seniors. This was the world of high birth rates and high child mortality. Healthcare was sketchy as you grew older, and it was tough to keep up with your roving band of mammoth hunters if you needed a new hip.

As you can see from the Yukon Statistics Bureau chart on this page, the Yukon’s chart looks more like a wonky hourglass. We have fewer young people than middle-aged cohorts, and the number of youngsters has not changed too dramatically over the last decade. The number of Yukoners older than 55 has grown substantially.

If you look closely at the Yukon’s chart, you see bulges of people in the 25-34 and 55-64 age ranges. In contrast, the 40-49 group is smaller.

It’s the kind of thing you might see in a society that suffered a major war twenty years ago.

We don’t know for sure, but this might be the aftershocks of slow economic times around the turn of the century. Some Yukoners who were in their early twenties may have moved away. Then the surge in government hiring and resource jobs in the last decade attracted Outsiders a decade younger.

All of this has important implications for the Yukon.

Our healthcare budget will be under increasing pressure, since older citizens tend to use the system more intensively. It also means that tax revenue per citizen will likely go down on average as retirees make up a higher portion of the population. It also means that our housing stock will need to adapt, with more single-level units for example rather than cabins with lofts and rickety ladders.

The good news is that, even though our population is aging, it remains relatively young in absolute terms.

Experts from Statistics Canada visited last week, and shared a fascinating presentation on the Yukon’s statistical highlights. One of their charts showed the “dependency ratio,” which looks at the proportion of the population who are seniors and children. In 2017, 29 per cent of Yukoners were over 65 or under 14. This is lower than all the provinces, which ranged from 35 per cent for PEI to 31 per cent for Alberta.

However, this will change if the number of older Yukoners keeps surging.

While this creates challenges for the officials who run the healthcare system, it offers also opportunities to Yukon workers and businesses.

If your profession is popular with older people, you can expect lots of job opportunities. This includes everything from home-care workers to optometrists.

There will be lots of business opportunities too. One of the biggest will be in real estate.

The condos popping up along the waterfront in Whitehorse are home to lots of Yukoners who have downsized from bigger homes either in or out of town.

The new development going in at Third Avenue and Hawkins Street is specifically aimed at Yukoners who are ready to leave the home they raised their kids in, but aren’t ready for Whistlebend just yet. The marketing pitch highlights the benefits: walking distance to downtown, close to lots of bike trails, no stairs or driveways to shovel.

Demand for this kind of housing is likely to keep climbing.

Employers should also think more seriously about how to attract and accommodate older workers, especially given our labour shortage. Statistics Canada’s data show that almost 40 per cent of Yukon seniors are working either full or part-time. That’s nearly double the national average.

We don’t know how many of these working seniors are doing it voluntarily, since they are in good health and enjoy the engagement, or involuntarily since they need the money. In either case, as people live longer we should expect a greater percentage of the workforce to be over the traditional retirement age. Smart bosses are already figuring out how to tap into this experienced talent by offering flexible hours or buying ergonomic equipment that is a bit easier on older bodies.

Although statisticians sometimes say that “demographics is destiny,” trends can change more easily for a small jurisdiction like the Yukon. A slowdown in either our transfer payment or the mining sector could slow down or even reverse growth in our working age population. But for people already in the Yukon, it seems likely they will continue to stay through retirement in growing numbers. The greying of the Yukon is a trend that’s here to stay.

Keith Halliday is a Yukon economist and author of the MacBride Museum’s Aurore of the Yukon series of historical children’s adventure novels. He is a Ma Murray award-winner for best columnist.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Dr. Brendan Hanley, Yukon’s chief medical officer of health, speaks to media at a press conference about COVID-19 in Whitehorse on March 30. The Yukon government announced three new cases of COVID-19 in Watson Lake on Oct. 23. (Crystal Schick/Yukon News file)
Three new COVID-19 cases identified in Watson Lake

The Yukon government has identified three locations in town where public exposure may have occurred

Asad Chishti, organizer of the rally to support the conservation of the Arctic National Wildlife Refuge, leads marchers through chants with a megaphone outside the Bank of Montreal in Whitehorse on Aug. 28. The BMO is the second Candian bank to announce it will not directly fund oil and gas projects in the Arctic National Wildlife Refuge. (Crystal Schick/Yukon News file)
Bank of Montreal second Canadian bank to join ANWR boycott

BMO joins RBC, the first to commit to the boycott

Premier Sandy Silver, left, and Chief Medical Officer Dr. Brendan Hanley speak during a COVID-19 update press conference in Whitehorse on July 29. Silver urged “kindness and patience” during the weekly COVID-19 update on Oct. 21, after RCMP said they are investigating an act of vandalism against American travellers in Haines Junction.
(Alistair Maitland Photography file)
COVID-19 update urges “kindness and patience” for travellers transiting through the territory

“We need to support each other through these challenging times”

Whitehorse Correctional Centre officials have replied to a petition by inmate Charabelle Silverfox, who alleges she’s being kept in conditions mirroring separate confinement, arguing that her placement isn’t nearly as restrictive as claimed. (Joel Krahn/Yukon News file)
Inmate not being kept in restrictive confinement, WCC argues in response to petition

Whitehorse Correctional Centre (WCC) officials have replied to a petition by an… Continue reading

wyatt
WYATT’S WORLD

Wyatt’s World for Oct. 23, 2020

asdf
Today’s mailbox: Electricity and air travel

Letters to the editor published Oct. 23, 2020

Yukonomist Keith Halliday
Yukonomist: Irony versus Climate

Lately it seems like Irony has taken over as Editor-in-Chief at media… Continue reading

Evan Lafreniere races downhill during the U Kon Echelon Halloweeny Cross-Country Race on Oct. 16. (Inara Barker/Submitted)
Costumed bike race marks end of season

The U Kon Echelon Bike Club hosted its final race of the… Continue reading

Smartphone showing various applications to social media services and Google. (Pixabay photo)
National media calling for level playing field with Google, Facebook

In Canada, Google and Facebook control 80 per cent of all online advertising revenues

Education Minister Tracy-Anne McPhee, right, before question period at the Yukon legislative assembly in Whitehorse on March 7, 2019. The Yukon government announced Oct. 19 it has increased the honoraria rates for school council members. (Crystal Schick/Yukon News file)
Honoraria increased for school council members

Members of school councils throughout the territory could soon receive an increased… Continue reading

Triple J’s Canna Space in Whitehorse on April 17, 2019, opens their first container of product. Two years after Canada legalized the sale of cannabis, Yukon leads the country in per capita legal sales. (Crystal Schick/Yukon News file)
Yukon leads Canadian cannabis sales two years after legalization

Private retailers still asking for changes that would allow online sales

A sign greets guests near the entrance of the Canada Games Centre in Whitehorse on June 11. The city announced Oct. 16 it was moving into the next part of its phased reopening plan with spectator seating areas open at a reduced capacity to allow for physical distancing. (Crystal Schick/Yukon News file)
CGC reopening continues

Limited spectator seating now available

During Whitehorse city council’s Oct. 19 meeting, planning manager Mélodie Simard brought forward a recommendation that a proposed Official Community Plan amendment move forward that would designate a 56.3 hectare piece of land in Whistle Bend, currently designated as green space, as urban residential use. (Courtesy City of Whitehorse)
More development in Whistle Bend contemplated

OCP change would be the first of several steps to develop future area

Most Read