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Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > SSP: Local Vancouver > Business & the Economy

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  #81  
Old Posted Aug 20, 2010, 8:20 PM
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trofirhen trofirhen is offline
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Quote:
Originally Posted by Alex Mackinnon View Post
Between Vancouver and Toronto we've got our fingers in a lot of peoples pies with our mining companies. I might be biased from being a mining engineer, but as far as cities go, we've got a lot of activity on that front.
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Originally Posted by SpongeG View Post
wealth and financial management is a huge business in vancouver which also contributes to the standing

people have to be making money in this city somehow -- how else can they be affording $750,000 homes in east van?
I know all this is very significant, but it doesn't put us in the world's top 25 !!
And re: house prices .... they sell up near the Oil Sands for the same money...
Vancouver is a substantial centre, but not a major world player like Sydney, San Francisco, Toronto, Chicago..... (and on up)
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  #82  
Old Posted Aug 20, 2010, 8:25 PM
mrjauk mrjauk is offline
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Quote:
Originally Posted by SpongeG View Post
wealth and financial management is a huge business in vancouver which also contributes to the standing

people have to be making money in this city somehow -- how else can they be affording $750,000 homes in east van?
Generationally-low interest rates and a "mortgage helper" in the basement. If any of you have ever contemplated buying a home with the intention to renovate, do check out this eight-part series. I've learned a lot from this guy's mistakes.

http://vreaa.wordpress.com/2010/08/1...ervosa-finale/
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  #83  
Old Posted Aug 20, 2010, 8:32 PM
mrjauk mrjauk is offline
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Livability indexes are misleading...

Some of you have cited the livability indexes that are also published, which, unlike globalization indexes, have Vancouver always near the top. Unfortunately, many of you still don't understand why these indexes are calculated and what factors determine a city's final score.

Why are the calculated?

To give businesses an idea of the relative difference in living standards city-to-city, so that they can compensate their executives when moving them to another city. Thus, if you have to move from London (where you're currently based) to Lagos, you will receive an increase in compensation--wages, options, benefits, etc., that is commensurate with the relative scores of Lagos and London on that survey.

Have you noticed that these rankings generally have four canadian cities--Vancouver, Calgary, Vancouver, Toronto--in the top 10 or so all the time? Ever wonder why this is the case? It's because the factors that matter--such as political and social stability, crime, educational opportunities for childre--are generally countrywide factors.

These rankings are not meant to assess the general livability of the city. In other words, for households with median income levels Vancouver is not close to being the most livable city in the world. For business executives making hundreds-of-thousands of dollars a year, it is.
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  #84  
Old Posted Aug 21, 2010, 2:48 PM
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Originally Posted by trofirhen View Post
I know all this is very significant, but it doesn't put us in the world's top 25 !!
Says who? You? What exactly are your credentials for analysing the finance industry? You don’t seem to know much at all about the BC economy, let alone the multitude of private and personal wealth managers situated in Vancouver. You don’t seem well informed on the investment banking activities of tier 1 banks, private brokerages and the major venture capital activities primarily related to junior miners and the venture exchange (which is operated out of Vancouver).

Your posts are lacking any semblance of logic, what do petroleum companies in Houston have to do with financial centres? Nothing is the answer. Please just stop posting about this because it is abundantly clear you have no idea what you are talking about. I have tried to be patient but you seem intent on making yourself look foolish.

Corporate head offices ≠ finance
Number of tall buildings ≠ finance
Oil firms ≠ finance
Businesses in Seattle ≠ finance

Quote:
Please remember: this is a scale ranking cities as FINANCIAL CENTRES, and does not take into account liveability, nice parks and so forth. It's about the amount of money held and traded in the city
No it isn’t, if you even bothered to read the methodology, which I even cut out and posted for you to make it easy, it clearly outlines what the study is ranking, which is global cities, not financial centres.

Please review the following study, considered the preeminent source on global financail clout, which ranks FINANCIAL CENTRES not GLOBAL CITIES:

World # 23 - Global financial centres - http://www.zyen.com/PDF/GFC%207.pdf#page=30

This comes straight from a deutchebank briefing on the future of financial centres:

Quote:
A typical top-10 ranking
of financial centre competitiveness includes London, New York, Hong Kong, Singapore, Tokyo, Chicago, Zurich, and Geneva among the front-runners.15 Other financial centres in the advanced economies such as Sydney, Toronto, Frankfurt, Boston, San Francisco, Washington, Luxembourg, Paris, or Vancouver consistently rank among the top-25.
http://www.dbresearch.com/PROD/DBR_M...0000260736.pdf

The report then goes on to rank Vancouver in the top twenty financial centres and more importantly in their top twenty performers, citing major opportunities for growth.


Here is some more insight from The City of London, via their GFCI study.

Quote:
A theme that seems to be growing in importance is the quality of life offered by financial centres. It is notable that centres that score well in the quality of life measures seem to be doing well in the GFCI.

"Early in my career I had to be close to the markets and spent most of my time in New York. Advances in technology now mean that I can manage my business from anywhere. I can move around the world and I now spend most of my time in Sydney, Vancouver and Cape Town. - Global asset manager
http://issuu.com/pillarofhercules/docs/gfci

I'm sorry to be so crass but you just don’t seem to listen to me when I respond diplomatically. There is so much misinformation about the Vancouver economy, which I try to address in my business thread, but ignorance simply seems to pervade. I'm sure this won’t change a thing, and the same suspects will make the same unsubstantiated claims based off their own uninformed viewpoints.

At least they can say I tried
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  #85  
Old Posted Aug 21, 2010, 4:44 PM
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trofirhen trofirhen is offline
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[QUOTE=LeftCoaster;4955113]Says who? You? What exactly are your credentials for analysing the finance industry? You don’t seem to know much at all about the BC economy, let alone the multitude of private and personal wealth managers situated in Vancouver. You don’t seem well informed on the investment banking activities of tier 1 banks, private brokerages and the major venture capital activities primarily related to junior miners and the venture exchange (which is operated out of Vancouver).

Your posts are lacking any semblance of logic, what do petroleum companies in Houston have to do with financial centres? Nothing is the answer. Please just stop posting about this because it is abundantly clear you have no idea what you are talking about. I have tried to be patient but you seem intent on making yourself look foolish.

Corporate head offices ≠ finance
Number of tall buildings ≠ finance
Oil firms ≠ finance
Businesses in Seattle ≠ finance

QUOTE]

Wheeeeww!! I STAND CORRECTED! In fact, looking at those tables listed by the city of London and Deutsche Bank was a real eye-opener, although in the last one, Vancouver isn't ranked among the top 25, but no matter; it is STILL an omportant financial centre nevertheless.

Also, I noticed that financial centres in the London report were grouped into different categories: worldwide, broad transnational (where Vancouver is located, I believe), specialist (mostly tax havens, it seems, like Guernsey and the Cayman Islands); emerging markets, and so on.

I giess I was thinjking in the "all round top 25" sense, because this breaks the financial centres into groups (although in one Vancouver is listed as 23rd).

And I know you work in finance, Leftcoaster, and I'm certainly not going to contradict YOU.

However .... on a parting note .... NEVER did I imply that TALL BUILDINGS = Finance.
(not that that's an issue. I'm going to record these tables for future reference. Very interesting stuff. Thanks for setting me straight. Still seems hard to believe, but if it is, it is.)
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  #86  
Old Posted Aug 21, 2010, 5:30 PM
ozonemania ozonemania is online now
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Quite frankly, I'm surprised by some of those cities on this Top 25 global influence cities (2010 Global Cities Index). I'm not here to dispute the exclusion of Vancouver from the list. But some of those cities, while I'm sure their domestic influence might be huge, don't necessarily have influence beyond their national borders, at least no more than say a city like Vancouver. Like I said, I am surprised by some of these cities on the list and I will have to look into them further.
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  #87  
Old Posted Aug 21, 2010, 8:16 PM
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Quote:
Originally Posted by trofirhen View Post
I know all this is very significant, but it doesn't put us in the world's top 25 !!
And re: house prices .... they sell up near the Oil Sands for the same money...
Vancouver is a substantial centre, but not a major world player like Sydney, San Francisco, Toronto, Chicago..... (and on up)
and yet you wonder why we can't get flights to paris you just answered your question about flight conmnections - so please please stop whining about it in the YVR thread already

thanks so much
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  #88  
Old Posted Aug 21, 2010, 8:26 PM
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Thank you Leftcoaster for setting this thread straight. One can only face palm so much.
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  #89  
Old Posted Aug 21, 2010, 9:28 PM
LotusLand LotusLand is offline
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All hail LeftCoaster! As lurker on these forums I was excited that this thread was alive again, eager to read some good or not so good related news. After a while I just skipped the posts as they made no sense whatsoever.

Anyways, thanks again Left Coaster and keep up the good work on the business thread. We all appreciate it and I think most of us just aren't knowledgeable enough to discuss the topics on the thread
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  #90  
Old Posted Aug 21, 2010, 9:31 PM
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*splat*

Quote:
Originally Posted by SpongeG View Post
and yet you wonder why we can't get flights to paris you just answered your question about flight conmnections - so please please stop whining about it in the YVR thread already

thanks so much
Quote:
Originally Posted by vanman View Post
Thank you Leftcoaster for setting this thread straight. One can only face palm so much.
ooooooops!!! My day (deserved, by the look of things) for a pie in the face!! OK OK I'll shut up!
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  #91  
Old Posted Aug 22, 2010, 12:55 AM
vansky vansky is offline
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leftcoaster, i found u very intelligent, r u a beautiful young woman working in finance or a male finance geek?
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  #92  
Old Posted Aug 22, 2010, 1:00 AM
vansky vansky is offline
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Originally Posted by trofirhen View Post
ooooooops!!! My day (deserved, by the look of things) for a pie in the face!! OK OK I'll shut up!
after i read his/her first post, i already shutted up...see how i became a gentleman from the jerk a few yrs ago.

anyways, somebody misinterpreted and thought i was refering to them as a jerk...i'm not

we should use our langugage with more humble attitude maybe, i just dont find leftcoaster's "credential threatening, kind of a expert attitude" thing very accepting...and it does put ppl down

i dont have a thing in finance, so i quitted arguing.

Last edited by vansky; Aug 22, 2010 at 4:06 AM.
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  #93  
Old Posted Aug 24, 2010, 4:08 PM
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Quote:
Originally Posted by mrjauk View Post
Some of you have cited the livability indexes that are also published, which, unlike globalization indexes, have Vancouver always near the top. Unfortunately, many of you still don't understand why these indexes are calculated and what factors determine a city's final score.

Why are the calculated?

To give businesses an idea of the relative difference in living standards city-to-city, so that they can compensate their executives when moving them to another city. Thus, if you have to move from London (where you're currently based) to Lagos, you will receive an increase in compensation--wages, options, benefits, etc., that is commensurate with the relative scores of Lagos and London on that survey.

Have you noticed that these rankings generally have four canadian cities--Vancouver, Calgary, Vancouver, Toronto--in the top 10 or so all the time? Ever wonder why this is the case? It's because the factors that matter--such as political and social stability, crime, educational opportunities for childre--are generally countrywide factors.

These rankings are not meant to assess the general livability of the city. In other words, for households with median income levels Vancouver is not close to being the most livable city in the world. For business executives making hundreds-of-thousands of dollars a year, it is.
That may be, but livability does come with a price...obviously, it's going to be a bit more expensive to live in a place that's widely seen as beautiful, stable, and a safe haven. The slums of Kibera vs. Vancouver for instance. The Downtown Eastside vs. Coal Harbour. Vancouver vs. Surrey. Vancouver Westside vs. Vancouver Eastside.
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  #94  
Old Posted Aug 24, 2010, 4:38 PM
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.... peace .......

Quote:
Originally Posted by vansky View Post
leftcoaster, i found u very intelligent, r u a beautiful young woman working in finance or a male finance geek?
Quote:
Originally Posted by vansky View Post
after i read his/her first post, i already shutted up...see how i became a gentleman from the jerk a few yrs ago.

anyways, somebody misinterpreted and thought i was refering to them as a jerk...i'm not

we should use our langugage with more humble attitude maybe, i just dont find leftcoaster's "credential threatening, kind of a expert attitude" thing very accepting...and it does put ppl down

i dont have a thing in finance, so i quitted arguing.
I sent a private message to LEFTCOASTER for being an ignorant, opinionated dufus (which I am when it comes to finance) and he graciously wrote back.
In fact, very nice guy, and knows his stuff. Peace and brotherhood to all of us. Shanti .....
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  #95  
Old Posted Aug 26, 2010, 9:51 PM
LotusLand LotusLand is offline
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Here is a link to a cool little global cities index. Two Canadian cities are amongst the top 50. Surprised Montreal wasn't an option. http://www.simonanholt.com/Research/cities-index.aspx

Either way check it out and play around with it, it's kinda neat.

P.S. I didn't know where to put this so I threw here. Feel free to move it to a more appropriate location in the forum
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  #96  
Old Posted Aug 26, 2010, 11:43 PM
vansky vansky is offline
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Originally Posted by trofirhen View Post
I sent a private message to LEFTCOASTER for being an ignorant, opinionated dufus (which I am when it comes to finance) and he graciously wrote back.
In fact, very nice guy, and knows his stuff. Peace and brotherhood to all of us. Shanti .....
yes, sometimes u have to tolerate, or perhaps accept ignorance and harsh words.
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  #97  
Old Posted Aug 29, 2010, 10:06 PM
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Seoul ranked in no.10 glad~
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  #98  
Old Posted Aug 30, 2010, 3:15 AM
vanman vanman is offline
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Originally Posted by LotusLand View Post
Here is a link to a cool little global cities index. Two Canadian cities are amongst the top 50. Surprised Montreal wasn't an option. http://www.simonanholt.com/Research/cities-index.aspx

Either way check it out and play around with it, it's kinda neat.

P.S. I didn't know where to put this so I threw here. Feel free to move it to a more appropriate location in the forum
That link deserves its own thread. I just blew a good 20 minutes on that site. It is pretty incredible how well Vancouver ranks and that it out ranks Toronto in many categories. Asia clearly thinks highly of us as well.
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