Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
A flood of high-paid tech workers pouring into a new market, competing for limited housing and driving up prices.
With Vancouver set to be see 3,000 new workers at a new Amazon office at the old Canada Post headquarters, it begs the question of whether the city could soon be feeling the impact.
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Aaron Terrazas, economic research director at real estate database company Zillow, said in nearby Seattle — home to Amazon’s main headquarters — the effect was dramatic.