Burnaby is the third-largest city by population in British Columbia. Only nearby Surrey and Vancouver have more residents. It was built on the back of a strong agricultural industry but has evolved to become one of Metro Vancouver's most vital urban hubs.
Burnaby has a relatively high cost of living, although it is a little more affordable than nearby Vancouver. Only Vancouver and Richmond have more expensive homes, with single family homes priced at around C$1 million and townhouses costing approximately C$500,000. Burnaby also has high property, income, and sales taxes, which add to the expense of living in Burnaby. Saving can be challenging unless you are working in a high paying field, like engineering, information technology, or management.
Burnaby, BC Job Opportunities
Information technology is one of Burnaby's key industries. Software engineers and developers may find work at major companies based in Burnaby, including Electronic Arts, Telus, and Ballard Power Systems.
Burnaby also has a strong heavy industry sector. Chevron Corporation and the Petro-Canada petroleum refineries dotted around Burrard Inlet are major local employers in this industry. The film industry and healthcare sector also help support Burnaby's local economy.
Burnaby is also home to Metropolis, one of the largest malls in Canada. With more than 450 retail and food outlets, it employs everyone from servers to store managers.
Burnaby, BC Job Employment Trends
Burnaby has a positive jobs outlook, with Business Vancouver reporting the city had a net hiring outlook of 17 per cent in March 2015. This number considers the percentage of local employers planning to hire additional staff minus the percentage of employers intended to downsize their workforce in the coming months. This result was much better than that of nearby Vancouver, which has a net hiring outlook of just 9 per cent.