Vancouver is a coastal city located in the Lower Mainland of British Columbia, Canada. It is named for British Captain George Vancouver, who explored and first mapped the area in the 1790s.
The metropolitan area is the third-largest in the country, and most populous in Western Canada, with the city proper ranked eighth among Canadian cities. According to the 2006 census Vancouver had a population of 578,041, and 2,116,581 peopleresided in its metropolitan area. In 2009, Vancouver and the surrounding area (including Abbotsford) was estimated to have a population of 2,501,699.The 2010 estimated population of the city proper was 642,843. Over the last 30 years, immigration has dramatically increased, making the city more ethnically and linguistically diverse; 52% do not speak English as their first language. Almost 30% of the city’s inhabitants are of Chinese heritage.
From a logging sawmill established in 1867 a settlement named Gastown grew, around which a townsite named Granville arose. With the announcement that the railhead would reach the site, it was renamed “Vancouver” and incorporated as a city in 1886. By 1887, the transcontinental railway was extended to the city to take advantage of its large natural seaport, which soon became a vital link in a trade route between the Orient, Eastern Canada, and London. Port Metro Vancouver is the new name for the Port of Vancouver, which is now the busiest and largest in Canada, as well as the fourth largest port (by tonnage) in North America. While forestry remains its largest industry, Vancouver is well known as an urban centre surrounded by nature, making tourism its second-largest industry. Major film production studios in Vancouver and Burnaby have turned Metro Vancouver into the third-largest film production centre in North America after Los Angeles and New York City, earning its film industry the nickname Hollywood North.
Vancouver has ranked highly in worldwide “livable city” rankings for more than a decade according to business magazine assessments and it was also acknowledged by Economist Intelligence Unit as the first city to rank among the top-ten of the world’s most liveable cities for five straight years. It has hosted many international conferences and events, including the 1954 British Empire and Commonwealth Games, the 1976 United Nations Conference on Human Settlements, and the 1986 World Exposition on Transportation and Communication. In 1989, the city hosted the World Police and Fire Games, and again in 2009, the latter of which drew the largest number of attending athletes to date. The 2010 Winter Olympics and2010 Winter Paralympics were held in Vancouver and nearby Whistler, a resort community 125 km (78 miles) north of the city.
With the increase in desirability to live in the best place on earth, the Vancouver Real Estate market has considerably changed, with it being the strongest market in Canada. Whether you are investing, renting or purchasing for your own home, the uniqueness of Vancouver is unlike any other city in North America.
For more information on why Vancouver is the best place to be, contact your REALTOR at Coldwell Banker Vantage Realty.