CITY POPULATION: 600,000
REGION POPULATION: 2 million
This story first appeared in the July 10, 2008 issue of WWD. Subscribe Today.
AVERAGE ANNUAL RETAIL RENT: Downtown Robson Street: $180 to $240 a square foot; Trendy Yaletown: $35 to $70 a square foot.
EMPLOYMENT GROWTH RATE: 3.2 percent (2007)
CITY UNEMPLOYMENT RATE: 4.5 percent (May 2008)
NATIONAL UNEMPLOYMENT RATE: 6.1 percent (May 2008)
NUMBER OF HOUSES SOLD IN GREATER VANCOUVER (2007): 38,978; 102,892 for British Columbia.
AVERAGE PRICE, SINGLE-FAMILY HOME (2007): $556,601; $428,059 in British Columbia.
MAJOR INDUSTRIES: Port of Vancouver, 62,200 jobs, trading over $42 billion in goods; tourism, 120,400 jobs, $5.4 billion in revenues; film industry, 50,000 jobs, $1 billion in revenues.
OTHER KEY LOCAL INDUSTRIES: Forest products, mining, financial services, real estate, construction, technology and biotechnology.
TOP COMPANIES: Elus Corp., Jim Pattison Group, Teck Cominco, Finning International, Best Buy Canada.
LEADING FASHION FIRMS: Lululemon, Mac & Jac, Kenzie, Dace, Aritzia, Sugio (Cannondale), Lily + Jae, Syke Textiles.
– Vancouver is the largest city in the province and third largest city in the country, with 13 percent of Canada’s population.
– British Columbia’s economy expanded 3.1 percent in 2007, outpacing Canada’s economy for the sixth year. Only provinces with energy industries — Newfoundland, Alberta and Manitoba — grew faster.
SOURCES: City of Vancouver, BC Stats, BC Business.