KLEIN GROUP RESIDENTIALBy thoughtfully integrating segmentation strategies and truly personalized, award-winning service, we connect unique lifestyles with distinctive homes.
Vancouver (/vænˈkuːvər/ (listen)) is a coastal seaport city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2016 census recorded 631,486 people in the city, up from 603,502 in 2011. The Greater Vancouver area had a population of 2,463,431 in 2016, making it the third-largest metropolitan area in Canada. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometre, which makes it the fifth-most densely populated city with over 250,000 residents in North America, behind New York City, Guadalajara, San Francisco, and Mexico City according to the 2011 census. Vancouver is one of the most ethnically and linguistically diverse cities in Canada according to that census; 52% of its residents have a first language other than English. 48.9% have neither English nor French as their first language. Approximately 30% of the city’s inhabitants are of Chinese heritage.
Vancouver is the most stressed city in the spectrum of affordability of housing in Canada. In 2012, Vancouver was ranked by Demographia as the second-most unaffordable city in the world, rated as even more severely unaffordable in 2012 than in 2011. The city has adopted various strategies to reduce housing costs, including cooperative housing, legalized secondary suites, increased density and smart growth. As of April 2010, the average two-level home in Vancouver sold for a record high of $987,500, compared with the Canadian average of $365,141. A factor explaining the high property prices may be policies by the Canadian government which permit snow washing, which allows foreigners to buy property in Canada while shielding their identities from tax authorities, making real estate transactions an effective way to conduct money laundering.