‘Amazon Effect’ May Push Vancouver Housing Prices Even Higher
- Company plans to increase local workforce five-fold by 2022
- Seattle rental prices, home values soared amid Amazon boom
How Jeff Bezos Became the King of E-Commerce
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A spate of government policies have tried to temper Vancouver’s housing prices, to little avail. Now Amazon.com Inc. may give Canada’s costliest market another boost.
The Seattle-based company plans to increase its Vancouver workforce five-fold to 5,000 by 2022 - mostly high-tech positions, said Jesse Dougherty, Amazon’s general manager of web services. Dougherty spoke Monday in the bunker-like former Canada Post mailing center that’s set to be re-developed to host Amazon’s new 416,000-square-foot office.