Vancouver’s industrial land shortage has reached ‘crisis’ level, report finds

A new report commissioned by the Greater Vancouver Board of Trade and NAIOP Vancouver has found that Vancouver's industrial land shortage has escalated to "crisis" levels, leading to increased costs, a loss of job and revenue potential, and companies leaving Metro Vancouver to invest in other places such as Calgary. The report states that industrial land makes up four per cent of the total land mass in Metro Vancouver, yet contributes to more than 450,000 direct and indirect jobs, and $50 billion in GDP.