Where else can you ski Whistler in the morning and swim in the Pacific on your way back home? Vancouver, British Columbia. That’s where residents and visitors can enjoy panoramic mountain and ocean views for which many are willing to pay a premium condo price.
Vancouver is one of Canada’s most cosmopolitan and affluent cities. As the country’s largest port, Vancouver is North America’s gateway for Asia-Pacific commerce. Forest product and mining companies, international banks, software development and biotechnology firms are headquartered here. Known as Hollywood North, Vancouver’s film industry contributes more than $1 billion to the economy every year.
Each of Vancouver’s neighborhoods has its own character. While elements of British culture are highly visible in some areas (South Granville and Kerrisdale), Vancouver is home to many Asian ethnic groups, and has one of the largest Chinatowns in North America. Other neighborhoods include Greektown, Japantown, the Punjabi Market, and Little Italy. Europeans, aboriginals, and a growing Latin American population also make up Vancouver’s cultural mosaic.
World-renowned Stanley Park is an oasis in Vancouver’s downtown core. Famous Robson Street is Vancouver’s vibrant shopping and dining district, while Granville Island is a cultural hub with its Public Market, theatres and galleries. Several other spectacular attractions add to Vancouver’s reputation as a major tourist destination.
Vancouver’s robust economy, beautiful scenery, and vibrant lifestyle account for a rapidly growing city with a booming condo sales and rental market. Condo prices nearly doubled in some areas between 2002 and 2006. With the city hosting the 2010 Winter Olympics, real estate prices are expected to continue to rise until at least 2011.
International surveys consistently rate Vancouver as one of the most livable cities in the world. Collingwood Village Condos were recently completed. City planners and the developer worked with residents to provide desired neighborhood amenities. The developer built an elementary school, a sports field complex, a day-care facility, and community center in exchange for the rights to build 2,800 condos and apartments.
Vancouverites care about their environment and lifestyle. For the Portico development near downtown, a 500-unit complex of condos surrounds a sculpted garden and courtyard, for which room was made by removing a cloverleaf on-ramp to a nearby bridge. This helped to slow down traffic.
High-density condo living works well in Vancouver. Demand for housing is great because the city has no freeways running into or through the city. People can live closer to their jobs, in neighborhoods close to the stops of SkyTrain, the city’s high-speed transit system.
Vancouver is redeveloping former industrial areas to make space for more condos —False Creek, in Downtown South; Coal Harbour; and by the SkyTrain at Joyce-Vanness, to name a few.
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