The more numbers you have and less emotion, the more likely you are to succeed

The more numbers you have and less emotion, the more likely you are to succeed

Booming Businesses: Why Burnaby and Vancouver Are Attracting More Companies Than Ever

Lola RodriguezLola Rodriguez

The stretch along Boundary Road, marking the border between Burnaby and East Vancouver, has seen an incredible transformation in recent years. Over 200 new businesses have opened along this corridor alone, turning it into a thriving commercial hub. Once a quiet boundary line, this area now reflects the booming business climate in both cities.

Burnaby and East Vancouver have become magnets for growth, with soaring high-rises and modern developments reshaping the skyline. Areas like Brentwood have evolved into bustling business centers, offering everything from tech startups to retail spaces, all supported by excellent transportation options like the SkyTrain.

This surge in new businesses is not just reshaping the physical landscape—it’s boosting the local economy. For locals, it means more jobs and services; for investors and entrepreneurs, it’s a golden opportunity to tap into one of Canada’s fastest-growing economic regions. The future of business here has never looked brighter.

Economic Growth and Opportunity

Burnaby and Vancouver have experienced remarkable economic growth, driven by rapid urban development and a steady influx of new businesses. In 2023 and 2024, over 12,000 new homes and millions of square feet of commercial and residential property were built across both regions, according to recent municipal reports. This construction boom reflects the increasing demand for housing, retail spaces, and offices, supporting the needs of growing businesses and populations.

The region has also seen a surge in new startups, small businesses, and major corporations setting up shop. Tech giants like Amazon and Microsoft have expanded their offices in Vancouver, while Burnaby has attracted large employers such as [Electronic Arts](https://www.ea.com/en-ca) (EA) and Best Buy Canada’s headquarters. Smaller companies, from local cafes to innovative tech startups, have also flourished, contributing to the area’s economic diversity and resilience.

This rise in commercial activity is creating opportunities for job seekers, entrepreneurs, and investors alike. With its strategic location, infrastructure improvements, and economic momentum, the region has firmly established itself as a key player in Canada’s business landscape.

Why Businesses Are Choosing Burnaby and Vancouver

One of the key reasons businesses are flocking to Burnaby and Vancouver is their prime location. Positioned near major ports, key markets, and transportation hubs, the region offers unmatched connectivity. Boundary Road, in particular, has become a vital artery for businesses, supported by nearby services like Nationwide Self Storage. This facility provides essential storage solutions for both residents and businesses, making operations more efficient. Its regular use by local businesses highlights the growing need for flexible infrastructure as companies scale up.

The supportive business climate in Burnaby and Vancouver further drives this growth. Local governments have introduced various incentives, grants, and tax programs aimed at attracting new businesses and helping existing ones thrive. Programs like Vancouver’s Small Business Initiative and Burnaby’s Economic Development Strategy offer financial support, mentorship, and networking opportunities for startups and small enterprises.

Modern infrastructure and innovation hubs are another draw. Developments such as the Brentwood Town Centre redevelopment in Burnaby and Vancouver’s Innovation Hub create spaces where businesses can collaborate and grow. These projects integrate state-of-the-art facilities, commercial spaces, and residential properties, creating sustainable, mixed-use environments that cater to businesses of all sizes.

With cutting-edge infrastructure, strategic location, and strong government support, Burnaby and Vancouver are redefining what it means to be a business-friendly region.

Key Industries Driving Growth

Burnaby and Vancouver have emerged as vibrant economic centers, with several key industries fueling their rapid growth:

1. Technology
The tech sector continues to dominate, with Burnaby and Vancouver becoming major hubs for gaming, fintech, and AI startups. Global gaming companies like EA (Electronic Arts) have deep roots in Burnaby, while Vancouver hosts growing fintech innovators and AI-driven enterprises. The city’s highly skilled workforce and supportive tech ecosystem attract businesses looking to tap into cutting-edge advancements, solidifying the region as a leader in technological innovation.

2. Hospitality and Restaurants
The food and hospitality industry is booming, driven by the area’s growing population and cultural diversity. International restaurant chains, like Din Tai Fung and Jollibee, have chosen to open in the region, capitalizing on its rising demand for global cuisine. Local gems like BETA5 Chocolates and Sopra Sotto Pizzeria are thriving, while the café scene continues to flourish with stylish newcomers catering to residents and professionals alike. The combination of local eateries and global brands highlights the region’s appeal as a dining destination.

3. Retail and Local Shops
Retail is another sector experiencing strong growth. Burnaby and Vancouver residents are increasingly supporting local businesses, from specialty boutiques to community markets. Neighborhoods like East Vancouver’s Commercial Drive and Burnaby’s redeveloped Brentwood Mall are bustling retail hubs, showcasing everything from artisan goods to flagship stores. The emphasis on shopping local not only strengthens small businesses but also fosters a sense of community pride.

4. Green and Sustainable Businesses
Vancouver has long been at the forefront of eco-friendly innovation, and this reputation is spreading to Burnaby as well. The area is home to businesses leading the way in renewable energy, sustainable construction, and waste reduction. Companies like Ballard Power Systems, a pioneer in hydrogen fuel cell technology, are headquartered in Burnaby, while Vancouver’s numerous green startups are tackling environmental challenges with innovative solutions. This commitment to sustainability attracts businesses and investors looking to align with global green initiatives.

Conclusion

Burnaby and Vancouver have firmly established themselves as dynamic centers for businesses of all sizes and industries. With their strategic location, proximity to key markets and transportation hubs, and robust infrastructure, these areas provide the ideal environment for businesses to grow and thrive. The supportive business climate, combined with a flourishing tech sector, booming hospitality scene, and a strong focus on sustainability, makes the region a magnet for innovation and opportunity.

For entrepreneurs, investors, and established businesses, Burnaby and Vancouver represent more than just economic growth—they are hubs of collaboration, creativity, and forward-thinking development. As the skyline continues to evolve with new homes, offices, and business centers, these cities remain pivotal to driving the local economy and shaping the future of commerce in Canada.