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Vancouver has a dynamic, highly diversified urban economy with growing knowledge-based sectors and strong global linkages.
Greater Vancouver, with a population of 2.3 million, is Canada’s third largest urban area. Located in British Columbia, Canada’s westernmost province, the region covers nearly 2,900 square kilometres, bordered by the Pacific Ocean to the west, the US border to the south, the valley of the Fraser River to the east and the Coastal Mountains to the north. Seattle, Washington is 226 km to the south, while Calgary, Alberta is 975 km to the east. Vancouver’s oceanside location gives it a mild climate year round.
Vancouver is consistently ranked as the world’s most livable city by the Economist Intelligence Unit and Mercer. .
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Canada is a federal state; the governments of Canada and British Columbia both play a role in establishing Vancouver’s business climate.
The Vancouver region, comprising the City of Vancouver and 21 other municipalities, accounts for close to half of British Columbia’s population and economic output. A region-wide authority, Metro Vancouver, has responsibility for water supply, sewage treatment, garbage disposal and recycling, and other activities. Economic development activities in the region are coordinated by an alliance of municipal economic development agencies known as Metro Vancouver Commerce.
The City of Vancouver is the largest municipality in the region in terms of population and economic activity. The city’s economic development agency, the Vancouver Economic Commission (VEC), is a founding member of Metro Vancouver Commerce, and participates in all Metro Vancouver Commerce activities. The city’s downtown includes more than half of all commercial office space in the region and serves as the international front door to British Columbia.
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