The West Coast city ranks first among Canada's fastest-growing city economies in a report released Thursday.
Vancouver is expected to come out on top this year, with an estimated GDP growth of 3.3 per cent — outpacing the 1.8 per cent the Canadian economy is projected to increase overall.
The Conference Board of Canada's "Metropolitan Outlook: Winter 2016" is an annual analysis of economic growth in 28 cities.
Vancouver's growth will be fueled by sectors such as construction, transportation, manufacturing and warehousing.
"Growth in the construction sector will be fuelled by large mixed-use and non-residential projects, such as the Trump International Hotel and Tower and the expansion of the Vancouver International Airport, as well as stable new home construction," said a news release.
The $3.5 billion proposed Garibaldi at Squamish year-round resort has been granted a conditional nod from the province.
Environment Minister Mary Polak and Forests, Lands and Natural Resource Operations Minister Steve Thomson announced the decision in a news release Friday afternoon.
It is a busy time to be a real estate agent in Squamish.
According to several Squamish realtors, this has been the busiest summer they have had since before the 2008 recession hit, both in terms of sales numbers and in interest from potential buyers.
The vision for the Squamish Oceanfront was to create a complete community with a blend of distinct neighbourhoods, each with its own unique character and activity centres.