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Developers put their efforts into most urban, most transit-oriented, most expensive ‘hoods

May 13th, 2016 · 5 Comments

No wonder Vancouver is always in an uproar about some development or another. There’s just so much of it in the city, as I was made aware when someone pointed me to the statistics on housing starts in the region.

Vancouver, in spite of being an almost built-out city and with very little greenfield (never built on) land available, has the most residential construction going on of any municipality, and by a long shot. So far this year, 3,500 units under construction in the city, compared to 1,400 in Burnaby, 900 in Surrey.

That’s because development is Vancouver is so much more certain — for sure, everything will get sold and, for sure, it will be for a good price. Which is what is making the city eternally attractive.

My story in the Globe on all this here. The CMHC report here. And an invaluable source for all things housing, the Metro Vancouver Housing Data Book, here.

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