Vancouver Economy Report Summer 2023
For months, Canada has nervously anticipated a recession forecasted by economists.
The Summer 2023 issue of the Vancouver Economy Report features technology, one of the city’s most crucial and fast-growing industries forging ahead despite experiencing economic headwinds. We also take stock of the bench strengths that will see us through any downturns:
What’s new in employment in Metro Vancouver? Every issue of our Vancouver Economy Report features an economic dashboard that yields insights into job creation and losses, active and opening business counts, venture capital deployment, and commercial and industrial real estate vacancy rates.
While jobs and GDP are essential metrics, we know there’s more to the economy. Our research team handpicks some alternate indicators of economic prosperity to showcase each issue. This summer, we’ve provided quick overviews on green housing starts, crime rates, and healthy life expectancy.
Technology is a vast industry, and Vancouver is one of the best places to build a tech career. This issue is a quick snapshot on why global companies choose Vancouver, the various government supports for talent attraction, commercialization and scaling, and the companies that helped put Vancouver on the map.
Venture capital plays a critical role in innovation. Learn why it’s important, what entrepreneurs take into consideration when seeking it out, and how venture capitalists differ from angel investors. Moreover, consider why and how the venture capital landscape may need to evolve.
The Vancouver Economic Commission respectfully acknowledges that it is located on the unceded territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səl̓ilwətaɁɬ (Tsleil-Waututh) Nations.