'Amazon Effect' Is Causing Housing Prices in Vancouver to Skyrocket

'Amazon Effect' Is Causing Housing Prices in Vancouver to Skyrocket

It's confirmation of a move that has been much-talked-about in Boston's tech and real estate circles in recent months, as WS Development negotiated a lease for a full, 430,000-square-foot building in its Seaport Square project and $5 million in city property tax breaks for Amazon.

The new facility is slated to open in 2021 and will house teams focused on Alexa, Amazon Web Services and Audible.

Prime Minister Justin Trudeau was on hand Monday to announce that Amazon Inc. would be expanding its Vancouver operations to the tune of 3000 new jobs.

Republican Gov. Charlie Baker and Democratic Boston Mayor Marty Walsh both praised the announcement, with Walsh calling it a "tremendous vote of confidence" in the city's economy.

Some of the new positions will involve robotics and cloud computing in addition to other priorities, the Boston Globe reported. The construction of this new facility is expected to generate additional funding for job training programs in Boston, providing opportunities for Amazon to work with the city's Workforce Development team to prepare local residents for jobs in the technology industry.

Amazon's new office in Boston's Seaport District will create 2,000 tech jobs in the city.

Trump to meet crew of deadly Southwest Airlines flight
In the week following the investigation, Southwest Airlines canceled flights to perform engine inspection. Southwest apologized for the incident and gave money and travel vouchers to passengers on the flight.

In addition, an uncertain future for immigration and work visas in the USA brought on by the current White House administration means Amazon may look overseas before hiring Americans, Klugen said.

Recently named as the #1 most desirable workplace in the country as part of LinkedIn's annual survey, Amazon is committed to strengthening the talent pipeline for careers in the technology sector.

Amazon will also build a new Vancouver-based office through a project that will begin in 2022 and create "state-of-the-art amenities and an easily accessible location for its employees".

Further expansion for Amazon in Canada may also be in the offing.

Amazon now employs 6,000 people in its Toronto and Vancouver Tech Hubs to the AWS infrastructure region in Montreal area and also at its fulfilment facilities in British Columbia and Ontario.

Amazon was recently ranked the fourth most desirable company to work in Canada by LinkedIn, as well as first on Fast Company's Most Innovative Companies, second in Fortune's World Most Admired Companies, and first on The Harris Poll's Corporate Reputation survey.

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