Economic Impact

Our mission is to develop the Pitt Meadows Airport for economic and social benefit to Pitt Meadows, Maple Ridge, the North Fraser Region, and adjacent communities.

We recently conducted an economic impact study to see how our airport operations contribute to the local economy. The results show that YPK generates hundreds of jobs, contributes hundred of thousands of dollars in tax revenue to the City of Pitt Meadows, and contributes millions to Canada’s Gross Domestic Product (GDP).

Here are our key findings.

The PMAS pays approximately $60K in taxes to the city. The combined airport community, including the businesses located here, pay more than $500K in taxes to the City of Pitt Meadows.  These taxes help pay for services and infrastructure for local citizens.

The direct economic impact of ongoing operations at YPK are:

  • 340 jobs, of which 290 are full-time equivalents, with an average salary of $54,000.
  • $15 million in household income.
  • $24 million contributed to Canada’s GDP.

The total economic impact* of YPK was:

  • 590 jobs, of which 500 are full-time equivalents.
  • $27 million in household income.
  • $45 million contributed to Canada’s GDP.

*Includes direct, indirect and induced impacts of operations of YPK.

  • Direct impacts are from the businesses operating at the airport.
  • Indirect impacts are from those supplying goods and services to the businesses operating at YPK
  • Induced impacts include the spending of those workers directly or indirectly engaged in the operation of YPK.

The Economic Impact study was conducted by InterVISTAS Consulting Group.