Vancouver – Comprehensive Overview of the City, PEST Analysis and Key Industries Including Technology, Tourism and Hospitality, Construction and Retail

“City Profile – Vancouver” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Vancouver.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Vancouver metropolitan area is one of Canada’s largest urban economies and a significant contributor to national output, accounting for about 7.16% of Canada’s GDP in 2025. Economic momentum strengthened in 2025, with real GDP growth rising to 2.37% (from 1.12% in 2024), led by a resilient service sector-especially healthcare, education, public administration, and professional, scientific, and technical services-that helped offset a pronounced cooling in housing construction and real estate activity. Looking ahead, growth is expected to be driven by technology and digital entertainment, the green economy, construction, and tourism, with real GDP forecast to expand by an average of 2% annually over 2026-35, supporting rising nominal GDP and improving labor market conditions over the longer term.

Scope

The service sector-led by tourism, hospitality, transportation, and events-remains a major contributor to Vancouver’s economy and employment, with tourism alone supporting more than 63,000 jobs and generating a direct economic impact of CAD9.6 billion in 2024 (up 14% from 2023).

Vancouver’s visitor economy has largely recovered post-pandemic, with overnight visitors reaching 11.3 million in 2024–25 and tourism revenue holding steady at CAD8.9 billion (2024); Destination Vancouver’s growth strategy has already surpassed its CAD8.5 billion revenue target ahead of 2026, with FIFA World Cup 2026 expected to further boost global visibility and demand.

Construction is another key economic driver, contributing 9.6% of GVA in 2025 (CAD21.1 billion), with the pipeline heavily weighted toward high-density multi-unit housing and major long-term projects (e.g., the CAD6 billion Jericho Lands development), reflecting ongoing densification and expanded housing targets through 2033.

Reasons to buy

Analyze and understand the business environment in the city to align your investment and expansion strategies.

The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.

Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

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