Amazon is set to massively expand its presence in downtown Vancouver, taking more than 400,000 square feet of office space in QuadReal’s redevelopment of the old post office, now known as The Post. Amazon says more than 3,000 new jobs will located at its future Development Centre at The Post, opening in 2022. The centre will focus on cloud computing, machine learning and e-commerce. Prime Minister Justin Trudeau said the announcement is a testament to Canada’s highly-skilled, diverse workforce, and potential as an innovation and tech hub. “Tech talent and investment are coming to our country in record numbers, and companies like Amazon are bringing even more energy, vision – and thousands of good jobs – to Canada.”
Combination of sky-high rents and property taxes are pushing out all but the biggest players. What can be done?
The renamed Alberta Gaming, Liquor and Cannabis Commission (AGLC) has received about 450 applications since opening its process March 6 for setting up marijuana retail stores once recreational use of the drug becomes legal in Canada this summer. Some propositions were rejected and others haven’t yet been checked to ensure they’re filled out properly and the fees paid before a detailed review is done, but almost 270 applications have passed initial scrutiny and been posted on the AGLC website. That includes requests for more than 80 locations in the capital region, mostly in Edmonton. A city report indicates that by mid-April more than 94 applications to open stores in Edmonton had been made to the AGLC.
A string of restaurant closures have helped push the city's retail vacancy up into double digits