Vancouver, Canada, is a city blessed with incredible employment options. Vancouver has a thriving job market due to its high population expansion, immigration, hosting of the 2019 Winter Olympics (which will bring attention, tourism, and construction activity), and status as the province’s economic hub at a time when resource prices are rising quickly.
Vancouver is well-positioned to develop its workforce.
The largest port in Canada, the forestry and mining sectors’ administrative centers, as well as the hubs of biotechnology, high technology, cinema, and tourism, are all located in Vancouver. The X-Files and other significant Hollywood productions have been filmed in Vancouver.
The Vancouver Stock Exchange (VSE), which offers venture capital for resource-based companies and high-tech start-ups, is also located in Vancouver. This has thus produced a dynamic economic environment. The contemporary economic climate is dominated by high-growth finance, technological, and service companies rather than by outdated manufacturing.
Demographic
The city of Vancouver has 600,000 people, while Metro Vancouver has more than 2 million residents. Vancouver is the largest city in British Columbia (BC) and the third-largest city in Canada. The races in this city are different, 52% of the city residents speak a language other than English.
Job Prospects
Due to Vancouver’s unique position, Vancouver’s work has shifted to service industries (such as commerce, tourism) instead of industrial work. In the past decade, the service industry has grown faster than in other industries. The service industry includes business services, restaurants, accommodation, travel agencies, etc. Not all sectors have experienced growth. Manufacturing, public services, and utilities have reduced employment. The following is a description of the two main industries.
Tourism
Tourism has been and is expected to become the main source of employment in the next few years. Although the high exchange rate of the U.S. dollar against the U.S. dollar has suppressed the tourism industry to some extent, American tourists and Southeast Asian tourists still have a great interest in Vancouver. The tourism industry consisting of hotels, motels, travel, and support services can provide stable employment opportunities. With the arrival of the 2010 Winter Olympics, the tourism industry is expected to grow significantly.
New media and high technology
Vancouver is located on the west coast corridor, only a few steps from San Francisco, Los Angeles, and Seattle, so it has experienced a rapid expansion of high-tech work. Today, places like the trendy Yaletown in downtown Vancouver now host countless technology companies. In Canada’s largest new media cluster, there are more than 800 innovative companies and 15,000 workers.