The Vancouver Business Thread

[Vin]

Originally Posted by zahav

StatsCan released the July 1st population numbers, and showed BC is booming. A few highlights:

BC had by far the highest net interprovincial migration of any province. In fact, it was the largest Q2 net inflow in history, and the largest single net inflow since Q3 of 1992. Combining both international and interprovincial migration, BC gained more people than any other province (+28,344), even higher than Ontario in raw numbers (24,429). Manitoba, Saskatchewan, and Alberta actually lost population due to migration (immigration has traditionally been able to offset the interprovincial losses, but now both numbers are bad so they all slipped into negative growth). The only thing keeping their population up is natural increase. Year-over-year, BC was the 2nd fastest growing province overall in Canada (PEI was 1st).

Numbers like this are very important for economics, this type of high growth is driving the economy. Not only does a strong economy draw people in, but it also creates a strong economy in itself, with lots of spin offs. When BC's economy is good, it is a magnet for people. The lifestyle and desirability are always there, so combining that with a strong economy results in this.

I was too young to really remember the super boom years of the early 90s, and what the City was like during it. But I can only imagine, since it really drives a dynamic cityscape. All of the suburban development really shows this, even moreso than Vancouver. StatsCan doesn't publish breakdown of the components of growth by region, but BC Stats does, it will be release early next year I believe. I'd wager most regions of BC had interprovincial gains, but especially Okanagan and Island ones.

This is a counter-point:

Douglas Todd: People are moving from other provinces to B.C., but avoiding Metro Vancouver
https://vancouversun.com/opinion/columni...nces-to-b-c-but-avoiding-metro-vancouver

Places like Nanaimo and Greater Victoria, however, are booming!