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New Cisco offerings that are based on Mr. Robbins’s streamlining strategy seem to be selling well, reversing years of revenue stagnation for the company’s core business. Since 2015, Cisco’s market capitalization has risen by more than 50 percent to around $200 billion. “It’s now getting better understood by investors that Cisco is not an incumbent being killed by the cloud,” said Pierre Ferragu, an analyst at New Street Research. Cisco’s momentum is representative of how some older technology giants are finding ways to survive vast changes in their markets, forces that felled earlier standard-bearers like IBM in personal computers and Nokia in mobile phones. Many of these companies are today finding their footing by listening to changing customer preferences rather than dictating technology choices. A prime example is Microsoft, where Satya Nadella , the chief executive, has embraced open-source software that was once seen as a threat to its Windows franchise . Others include Intel, which popularized a standard chip design for most computers but has lately acquired other technologies. And Oracle now sells cloud versions of software that customers once had to install on their machines. “There is no room for technology religion,” Mr.
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Vancouver International Airport is also about an hour away. Home prices in Greater Vancouver have rocketed upward over the past decade. In the past three years alone, they have increased more than 40 percent, said Phil Moore, the president of the Real Estate Board of Greater Vancouver. “We are the California of Canada,” he said, noting that the area attracts about 40,000 new residents annually. In the Vancouver area, the benchmark sale price (similar to a median, using value estimates) is around $1.6 million for a detached home. In East Vancouver, that buys a modest two-floor home on a slab; in more exclusive West Vancouver, “that buys you nothing,” Mr. Moore said. “That’s an area that’s $3 million and above.” An increase in mortgage interest rates over the past three quarters has intensified what was already a looming affordability crisis in Vancouver, said Craig Wright, a senior vice president and chief economist at Royal Bank of Canada. The bank is predicting further increases in the coming year. The master bedroom has an en suite bathroom and views of Howe Sound.
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