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One thing that gets overlooked by many when discussing Vancouver real estate- it is a very tiny municipality. Unlike most other North American urban centres, V
by bparsons 8y ago
One thing that gets overlooked by many when discussing Vancouver real estate- it is a very tiny municipality.
Unlike most other North American urban centres, Vancouver resisted amalgamation with all of it's connecting cities.
The result is a geographically constrained area (Vancouver proper) surrounded by cities that are effectively it's suburbs (greater Vancouver).
Homes and rents are somewhat more affordable when you look at these suburbs, although they have increasingly gotten worse.
The residential data from tiny Vancouver has increasingly become absurd, as people focus on this small handful of luxury neighborhoods in the centre of a large metropolitan area.