Just like Seattle, Vancouver is living in a bubble till it pops
There are a number of parallels between Seattle and Vancouver, Canada, we both drink a lot of coffee and have a lot of IT companies. We both have the majority of our citizens running around thinking we are untouchable from outside economic forces. Wrong.
Another thing we share with Seattle is that we usually feel the tail end of the economic shifts across the country. Many in Vancouver continue to walk around the streets thinking their Howe Street scams and real estate appreciations are going to continue to support their lifestyles.
For each bubble that pops there are a number of local economic changes that are unique to the city. Just like this article from the New York Times points out, Seattle has there own, as does Vancouver.
I would estimate a 20% chunk of Vancouver’s economic activity is based on grow-ops and stock scams. Weed may survive but the stock scammers are toast. So sad.
