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No, The ‘Amazon Effect’ Won’t Crush Vancouver’s Housing Market: Analyst

No, the ‘Amazon effect’ won’t crush Vancouver’s housing market: analyst

By Simon Little for Globe News

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.

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