Construction is booming in Vancouver, with tall condo buildings rising around the city. The city has become more sophisticated over the last several years, and has attracted a significant market of second-home buyers.
"Vancouver became a much more international city after the World Exposition was held there in 1986. Asians began buying and developing property in the late 1990s. The city attracted Americans, too, many to a growing film industry.
Ten years ago, Steven and Dona Kirby, full-time residents of Reno, Nev., paid 1.35 million Canadian dollars for a three-bedroom, 2,400-square-foot condo next to Coal Harbour. Although the city has become more popular, they have kept their place, usually spending six weeks at a time in it. They also own a place in Fiji.
'It was inevitable,' Mr. Kirby, now a retired lawyer, said of the city's growth, 'but it has not changed the way we feel about Vancouver one bit. There's been an influx of people, but it hasn't affected our lifestyle at all.'"
FULL STORY: Vancouver Is Preening for Its Olympics Spotlight
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Transit oriented development doesn’t have to mean evictions and demolitions for existing renters, but often it does.
Report Finds Much Ado About Nothing for Vancouver Real Estate
Despite reports to the contrary, a recent report created in part by the City of Vancouver, finds that most housing types in the city have yet to be sold to absentee landlords.
Why Are There So Many Vacant Condos in Vancouver?
New analysis of census data has found that a quarter of the condos in some areas of downtown Vancouver are empty or occupied by non-residents, leading analysts to raise concerns about the role of investors in the city's housing market.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
New Park Opens in the Santa Clarita Valley
The City of Santa Clarita just celebrated the grand opening of its 38th park, the 10.5-acre Skyline Ranch Park.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
How Urban Form Impacts Housing Affordability
The way we design cities affects housing costs differently than you might think.
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