MARKET OVERVIEW

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Greater Vancouver is world-renowned for it’s exceptional beauty and business climate. Beautiful snow-capped mountains rise above a lush canopy of temperate rainforest and the sparkling blue Pacific Ocean. Amongst these natural wonders is a leading international urban centre for knowledge-based industries such as biotechnology, aerospace, telecommunications, environmental technologies, film production, new media and software development. These industries are complimented by thriving traditional sectors such as trade and transportation, agriculture, finance, wood processing, advanced manufacturing and tourism.

Greater Vancouver has been one of the fastest growing urban regions in Canada over the last 20 years with a current population of over 2.2 million. The primary forces behind this growth are international immigration and migration from other parts of Canada. The result is a prosperous, highly skilled multi-ethnic community that has profoundly shaped the business, cultural and social development of the region.

Greater Vancouver’s location on the West Coast of North America is a strategic advantage for conducting business in other countries. Situated just north of the U.S. border, extensive transportation and business linkages exist to major cities throughout the Western United States. The region is also closer to Asia by air and sea than any other North American city, making it the gateway of choice for Asian trade and travel.

Greater Vancouver’s low business costs are one of its best-kept secrets. The region’s large pool of skilled labour and favourable dollar exchange rate make labour costs significantly lower than major U.S. cities. In addition, natural resources and a highly developed power generation infrastructure provide Greater Vancouver with high quality, reliable electricity at an extremely affordable price. Combine these bottom-line advantages with the region’s exceptional labour force, world-class infrastructure and unparalleled quality of life and Greater Vancouver’s potential as a place to do business is fully realized.


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