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Homes In Vancouver

Vancouver is often referred to as one of the most beautiful cities in the world - and with very good reason. The city is located in the south western part of Canada. It is surrounded by water on three sides and is overlooked by the Coast Range of towering and scenic mountains. The city is the largest in the province of British Columbia and the third largest city in Canada. Overall Vancouver is certainly one of the more attractive destinations in the country. Its natural beauty and wonder coupled with its booming industries and hot property sector place it among the wealthiest provinces. It friendly people will charm you while its dramatic landscapes will seduce you. Be prepared to come and fall in love!

Key Features of Vancouver Real Estate

  • number one place for wealthy Canadians looking to settle down
  • the local temperature is rather mild
  • centrally located within close proximity of the province's many key attractions
  • home to world-famous Stanley Park
  • one of the most environmentally-friendly cities in Canada
  • wealthiest city in the province of British Columbia
  • hot real estate market

 

Demographics of The City of Vancouver

Current estimates puts the city's population at approximately 600 000 residents although the city is located within a region with more than 2 million people.

Lifestyle In Vancouver

Given Vancouver's many natural attributes it is no wonder that the city is a very big tourist attraction. The province's focus on making the city and its outlying regions sustainable and accessible has meant that Vancouver is currently one of the most environmentally friendly cities in Canada. For these reasons, many people relocated there and begin their new life.

Vancouver will actually be hosting the 2010 Olympic and Paralympic Winter Games. Preparations for the event are currently underway with major construction projects taking place all over the city. Roads are being widened and installations for the actual events are being built. The city has been planning the event with care in hopes that the games will leave a positive lasting legacy on the citizens as well as the environment so the focus has been on sustainability. The Olympic planning committee has made it a priority to ensure that the environmental impact from the ongoing preparations be kept to a minimum.

Economy of Vancouver

As the largest city in the west of the country, Vancouver is an industry hub. Along with a thriving forestry sector, the city has branched out into software development and it also boasts a booming biotech centre. Along with the more traditional industries, Vancouver is also home to many film studios and its streets are in constant use as locations for local and international film shoots.

Transportation In Vancouver

Getting around Vancouver is safe and reliable. There is a wide network of buses, trains, skytrains and sea buses (ferries) to get you where you want to go. The Vancouver Regional Transit Link is divided into three zones with fares increasing the further away you want to go.

History of The City of Vancouver

Although the land on which Vancouver now sits was first occupied by aboriginal peoples more than four thousand years ago, modern-day Vancouver was first explored in 1791 by Jose Mania Navaez of Spain and then by George Vancouver. There first European settlement was established in 1862 and the city saw plenty of action during the gold rush when thousands of men arrived in the town from California. A sawmill established at Moodyville, the present day city of North Vancouver, began the city's long relationship with lumbering. The mill was central to the city until 1880 when the Canadian Pacific Railway arrived. However, it remained a very important part of the local economy until it was closed in 1920. The city of Vancouver was incorporated only in 1886 making it the youngest Canadian city. As the city grew in size and importance it slowly replaced Victoria as British Columbia's largest metropolitan city. Today Vancouver is an ethnically diverse and multicultural place.

Property Market - Buy a house in Vancouver

Vancouver also happens to have one of the Canada's hottest property markets. Housing prices have risen by double digits every year for the last several years and despite all predictions the trend does not seem to be slowing down. Although a slight calming is expected later this year, so far the market is still one of the best in Canada. The reason for the solid housing sector is that Vancouver does not have the luxury of simply expanding its territory by building suburbs in outlying regions. There is no space left for new suburbs so the existent land is extremely valuable. Buying home for sale in Vancouver is easier said than done and having the right real estate broker in Canada on your side can really make a huge difference in your finding of homes for sale and in your transaction as well.

Average House Price: $564, 375 (April 2007)