The Greater Vancouver Area is Booming!
2.6m population – 3rd Largest Metropolitan Area in Canada
Vancouver is in the top 3 Global Cities
Fastest Growing Canadian Economy
Home to Microsoft, Lululemon, Amazon, Hootsuite, Slack, HSBC
A top 20 global finance centre
Why invest in Canada?
H-1B Appealing and Easy Approvals
In 2019, 65% of businesses found policy more favourable than the US
Ranked 2nd best country in 2020
Canada’s response to COVID 19 ranked 13th best globally out of 150+ countries
Vancouver and the Province of British Columbia leading Canada in quickest action toward slowing infection rates and flattening the curve
Commercial Trends:
Flourishing Market
Robust Investor Appetite
Tight Supply and Limited Space
$2.74BN in Commercial Deals closed in Q1 & Q2 2019
2% Vacancy 2019 / 0.8% Vacancy Q1 2020
Industrial Trends:
Flourishing Market
Robust Investor Appetite
Tight Supply and Limited Space
Net Absorption Outpaced Completions by 1m+ Sqft
1.7% Vacancy 2019 / 1.1% Vacancy Q1 2020
Links to Articles
Canada Ranked 2nd Best Country: https://www.kelownanow.com/news/news/National_News/Canada_ranked_2nd_in_2020_Best_Countries_report/
Canada Benefits from US H1-B Confusion: https://insights.dice.com/2020/02/11/canada-continues-benefit-u-s-h-1b-confusion/
Canada’s Response to COVID-19 in Top 15 Globally: https://www.saanichnews.com/news/new-survey-puts-canadas-covid-19-response-in-top-15-globally/
Commercial Demand Report 2020: https://www.jll.ca/content/dam/jll-com/documents/pdf/research/ca-research-office-insight-q4-2019-vancouver.pdf
Industrial Demand Report 2020: https://www.jll.ca/content/dam/jll-com/documents/pdf/research/ca-research-canadian-industrial-outlook-q4-2019.pdf
Industrial Markets Surge Despite COVID-19: https://www.westerninvestor.com/news/british-columbia/industrial-market-surges-despite-covid-19-1.24118628