5 things you must know before planning on moving to Vancouver

Vancouver is one of the most popular cities in Canada. It has been chosen for many people to become their new home.  This has given the city a multicultural environment and helped to keep the economy running.

As a newcomer there is some tis we must give you;

Let’s begin!

  • First you need to know Vancouver is one of the most expensive cities in Canada regarding real estate. 

    A one bedroom apartment starts from $1700 up to $2300 monthly rent. Prices will go according to the building facilities and amenities, the location, and the size of the apartment.  

    Make sure before you arrive in Vancouver you find a suitable place to stay. 

    Monthly rents here always start the 1st and the 15th of the month. For more information visit https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies
    Also, something very important you need to know about renting an apartment is SCAMS! Never send money to a landlord if you haven’t signed a contract, and looked at the apartment.  People post advertisements on the rental sites and pretend to be out of the city, and lots of people have lost money this way.
  • You can get a SIM card very fast
    In Canada there are no pre-paid options but for sure you can get a plan with different cell phone companies. Don’t expect it to be cheap or to have lots of data included but don’t worry there are lots of places in Vancouver with free internet. 
  • As soon as you arrive to the city get yourself a compass card
    In Vancouver the transportation system is pretty good and organized. If you want to get around the city this is the best way to do it.  The compass card will cost you 6 dollars plus the amount you want to add to it, it will allow you to jump in the bus and the train at a lower rate and you won’t have to worry about having cash with you anymore. 
  • Get a SIN number 
    The SIN number is an identification number that the government gives to every person with a legal status in Canada and will allow you to get access to open your bank account and to many government rights and benefits. 
  • Get a bank account and credit card
    In Canada in general credit score is very important and the easiest way to start building one is by having a canadian credit card, make sure you understand the system and the payment methods before you get one. An amazing thing about banks here in Vancouver is Customer service, the employees will be happy to help you even if your english is not very good. So, don’t be shy!

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Rosa Maria Delgado

Financial Planner

CANADA

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Rosa has been in Canada since 1999, and previous to her current business as an Insurance and Mutual Fund agent, had a successful career in Corporate Finance in the Tech Industry.

Rosa’s mission is to teach new Canadians the ABCs of personal finances and help them implement a financial plan to achieve their goals. Rosa truly believes all new Canadians from Latin America and elsewhere have the skills, knowledge, and dedication to succeed professionally in Canada. Rosa’s job is to guide them to make the most of their finances, following the premise: “It does not matter how much you make, but how much you keep”

Testimony about your experience at LBCN:

LCBN was a great platform to launch my business. When I first decided to turn my part-time business into my new mission and long-term career path, I started attending LCBN’s monthly breakfasts. These networking events were paramount in helping me meet other professional members in the Latin community and create a brand for myself.

I would highly recommend you become part of LCBN to fast-start your business, and become part of the Latin-American business community.

Andrea Welling

Regional Director, BC

CANADA

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Helping entrepreneurs connect with valuable resources in the entrepreneurship community is one of my passions. In addition, I strongly believe in the power of mentorship to support new ventures to be able to build confidence to go to their next level. For existing businesses struggling to scale, mentorship provides another invaluable perspective and a way to broaden the entrepreneur’s skillset.

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Testimony about your experience at LBCN:

As a guest speaker with LBCN, I felt supported to create a presentation around pivoting your business that would directly speak to the entrepreneurial mindset which I feel is a key aspect of being a successful business owner. LBCN was very professional in creating a colorful advertisement for the event and I was so pleased to share this through my network. The event itself was well attended and participants felt comfortable to share and ask questions which made the experience interactive and engaging. LBCN staff were organized, efficient and friendly and I felt look after every step of the way.

Manuel Banales

Entrepreneur

México

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I was born and raised in Mexico, where I studied law in Guadalajara, Jalisco. This permitted me to become aware of the fact that business relationships are what makes up most of organized society. My passion is to create businesses catered to the current demand of society. However, my biggest passion is to create healthy and diverse businesses by always maintaining the customer as my number one priority.

Testimony about your experience at LBCN:

Being an active member of LCBN has permitted me to have access to a large data base of other entrepreneurs and a vast amount of companies which each specialize in different mercantile niches. This has enabled our company (Western Canada Education Services) to become well-known amongst the Latin community in Canada. This, in effect, has given us the opportunity to position ourselves effectively in Latin America.