‘This might be our moment’ to attract top talent to Vancouver in Trump’s wake

Within days of this month’s U.S. presidential election, Cody Green’s Vancouver-based financial tech startup was facing “an influx of literally dozens of resumés coming in from the States.”

Green, the founder and co-CEO of Canada Drives, says it’s too early to say if the flood of American applicants is a knee-jerk reaction from some skilled workers unhappy with the ascendancy of president-elect Donald Trump.

“We’ll feel in the coming months what the actual net effect is going to be,” said Green, whose company specializes in securing financing for car owners.

But the potential for tech workers to make good on their word to move to Canada in the event of a Trump presidency could provide growth for start-ups struggling to recruit talent in Vancouver’s burgeoning tech sector.

Trump’s election comes a week after federal Finance Minister Bill Morneau announced a new “global skills strategy” targeting skilled foreign workers.

The program, set to go into effect in the spring, aims to offer short-term labour relief to international businesses or tech startups that need to recruit top talent from overseas.

Green said whether it’s engineering or programming jobs, it’s “always a challenge to fill them with local candidates.”

Read the full article on BIV.com.

Novel mix of industrial strata and housing may trigger trend

Investors are circling an East Vancouver development, the first in North America to mix condominium towers with industrial strata space.

“I thought the industrial buyers would all be owner-occupiers, but we are getting a lot of calls from investors,” said Dan Jordan, a Colliers International vice-president who began marketing the non-residential space at Wall Financial’s Strathcona Village this month.

In 2014, the City of Vancouver rezoned a two-block strip of East Hastings to allow both residential and “light industrial,” defined as production, design and repair uses.

Strathcona Village, being built on the north side of the 900-block of East Hastings Street, is the first development under the zoning change. It is a three-tower condominium complex skirted by two floors of industrial, commercial and retail strata. All 280 condos in the development sold out last year at prices ranging from $199,000 to $439,000. As a condition of the rezoning, Wall Financial is including 70 apartments that will be turned over to the city for social housing. Those will be rented at rates ranging from $375 per month to market levels.

Read the full article on BIV.com.