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The City of Vancouver was incorporated on 6 April 1886, the same year that the first transcontinental train arrived. CPR president William Van Horne arrived in Port Moody to establish the CPR terminus recommended by Henry John Cambie, and gave the city its name in honour of George Vancouver.[26] The Great Vancouver Fire on 13 June 1886, razed the entire city. The Vancouver Fire Department was established that year and the city quickly rebuilt.[27] Vancouver's population grew from a settlement of 1,000 people in 1881 to over 20,000 by the turn of the century and 100,000 by 1911.[30]

Vancouver merchants outfitted prospectors bound for the Klondike Gold Rush in 1898.[23] One of those merchants, Charles Woodward, had opened the first Woodward's store at what is now Georgia and Main Streets in 1892 and, along with Spencer's and the Hudson's Bay department stores, formed the core of the city's retail sector for decades.[31]

The economy of early Vancouver was dominated by large companies such as the CPR, which provided capital for the rapid development of the new city. While some manufacturing did develop, natural resources became the basis for Vancouver's economy. The resource sector was initially based on logging and later on exports moving through the seaport, where commercial traffic constituted the largest economic sector in Vancouver by the 1930s

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