
Earlier this week the Seattle Times published the following graphic showing the US cities with the most (construction) cranes up in the air at the end of 2016:

The founder of Westbank, Ian Gillespie, recently sat down with Bloomberg TV to discuss the Toronto and Vancouver real estate markets; his Mirvish Village (Honest Ed’s) redevelopment project; affordable housing; and the markets he is and plans to be focused on (Vancouver, Toronto, Seattle, Tokyo, San Francisco).
I like the part where he says that he’s really not that interested in business.
If you can’t see the video below, click here.
https://www.bloomberg.com/api/embed/iframe?id=6542ca85-017c-436e-aefc-25d8f4bb9b66
The New York Times has an interesting article up talking about how Vancouver and Seattle are trying to more closely align themselves and create a unified tech corridor.
BC premier Christy Clark and Washington governor Jay Inslee recently signed an agreement to that effect, which included more research collaboration between the University of British Columbia and the University of Washington.
Seattle wants this because its companies need talent (read: foreign workers) and Vancouver’s borders are more open. Vancouver wants this because its tech industry is relatively small (go Hootsuite!) and it could benefit greatly from being more proximal to Seattle.
On a side note, Seattle is an interesting case study. In terms of venture capital dollars invested, it is below top tier cities such as San Francisco, New York, Boston, and so on. But in terms of the companies it has birthed (Microsoft, Amazon, Zillow, Expedia…) it is certainly a heavy hitter.
One of the key factors will be physical connectivity. There’s talk of high speed rail and/or a dedicated lane for autonomous vehicles. However it’s done, I think bringing this trip to < 1 hour would be the ideal scenario. There’s a psychological barrier beyond that.