Economic Momentum
85Tech sector is real (Amazon's second-largest office globally) and film/VFX adds billions. But housing affordability is crippling — a median-income family cannot buy a median home. GDP growth is sluggish and unemployment trending up. FIFA 2026 is a genuine short-term catalyst. The economy works for people already in; it's hostile to people trying to get in.
Hand-researched by our team.
| Factor | Finding | Source |
|---|---|---|
| GDP growth | BC real GDP +1.4% (2025), forecast 1.3–1.9% (2026). Sluggish — forestry sector dragged by U.S. tariffs | T2 |
| Unemployment | Vancouver CMA 6.2–6.7% (Q1 2026). BC provincial 6.8% — highest since 2016 excluding COVID | T2 |
| Median household income | ~$82,000 CAD (city proper). CMA ~$123,800. Monthly net ~$4,800 | T2 |
| Housing affordability | MLS HPI benchmark $1,100,700 (May 2026, -6.2% YoY). Detached $1,847,900. Price-to-income ratio ~13x (national avg 8–12x) | T2 |
| Cost of living | Among highest in Canada. Housing 50–80% above national average. Groceries +10–15%. Gas highest in N. America | T2 |
| Business formation | Major tech hub — #39 globally, 3,000+ active startups, $1.99B total funding. Amazon, Microsoft, EA, Hootsuite HQs. Film/VFX $4B+ annually ('Hollywood North') | T2 |
| FIFA World Cup 2026 | 7 matches at BC Place. Expected $1.7B economic impact to BC. Unprecedented tourism influx | T2 |
| Government employment % | 60.6% of all net job creation 2019–2024 was public sector. Government jobs +30.9% vs private sector +4.1%. Structural dependency concern | T2 |
| Self-employment rate | ~13.2% (national, 2023). BC comparable. Trending down in 2025 | T2 |
| Businesses per 1,000 residents | 36.3 per 1,000 adults (BC, Dec 2024) — tied with Alberta for highest in Canada (national avg 32.7) | T2 |