A huge percentage of immigrants and relocators to Vancouver are attracted to the region because of its potential for business. As a matter of fact, a 2016 survey from Profit Guide online magazine has revealed that this city is among the best places in Canada to do business in, thanks to its low crime rate and its sustainability as a community.
Business Stats at a Glance
BC Stats, the statistical authority of the province, reports that as of 2015, there are more than 120,000 businesses in Vancouver. Of these figures, the most popular industries are in construction, retail trade, and in professional and technical services.
Vancouver, along with other major Canadian cities Montreal and Toronto, rank in the Top 4 of the most tax competitive cities in the world, according to a study by KPMG Canada. This attribute indicates that the city has a low corporate income tax, low taxes on goods and services, and also low labour costs. Read more from this blog: http://bit.ly/2mgyLnf
The City of Vancouver is home to more than 605,000 residents as of Census reports from recent years. Of the 114 square kilometers that the city occupies, there are over 260,000 dwellings or housing units. A third of these housing types are apartments buildings of 5 storeys or less. About 26% are apartments more than 5 storeys high, and single detached homes and duplexes comprise 18% and 17% respectively.
How the Government Addresses Housing Issues
Recent reforms from housing authorities and regional planning offices have been implemented to address the high cost of housing, and the difficulties some locals face when trying to find a home. Many areas in the City of Vancouver have been revamped and developed to accommodate more housing units, and community amenities like parks and centres have also been added to make it easy for new residents to get settled in. Read more from this blog: http://bit.ly/2mdFSen