Jobs and the Economy
Today City Council approved Vancouver’s 2016 Budget. This balanced budget will keep taxes and fees low while making investments in priority areas such as affordable housing, transportation, and infrastructure.
“The City of Vancouver plays a strong role in supporting our city’s economic leadership and enhancing the livability and quality of life for our residents,” said Mayor Gregor Robertson. “Vancouver is keeping taxes low while investing in priorities like affordable housing, community services and better service delivery.”
Today, Mayor Gregor Robertson attended the opening of TELUS Garden, the first LEED-Platinum office tower in Canada. The cutting-edge office tower is part of a $750 million development partnership between TELUS and Westbank, which also includes a new downtown residential building, numerous storefronts, and the new flagship restaurant from Glowbal Group.
Building permit values for the first half of 2015 have exceeded record levels for the same period last year, with an almost 20% increase in the construction and development dollars being invested in Vancouver.
As of July 1, 2015, the City of Vancouver issued $1.34 billion in building permits, a sign of Vancouver's leading economic growth and an increase of more than $200 million over 2014's values for the same period.