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A coastal seaport city, Vancouver has the highest population density in Canada, attracting residents with its desirable quality of life. The city’s appealing reputation, along with its convenient air connections with Asia, have made Vancouver a regular recipient of foreign capital and the nation’s most expensive housing market. The City has taken steps to curb global influence in the form of taxes on foreign buyers but housing affordability remains an issue for residents. Local mall owners are capitalizing on the need for more housing and have been expanding centres and converting existing retail into residential uses. Vacancies left behind after Target and Sears exited Canada have given owners opportunities to diversify portfolios and capitalize on the city’s need for more housing.
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2,6 m
Total Population
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GDP per Capita (USD)
Source: JLL, Oxford Economics (May 2018)