Vancouver

Seeking Community in Vancouver's High Rise Ghost Towns

The Province in Vancouver reports (in "15% of downtown Vancouver condos sit empty, turning areas into ghost towns: Study") that "much of the downtown core is starting to look like B.C.’s ghost towns — with apartments languishing empty, businesses closing down and residents not feeling the sense of community they bought into." The study, by University of British Columbia (UBC) planning professor Andy Yan, indicate  read more »

Vancouver Olympic Villiage Scandal Gets Worse

The Vancouver Olympic Village scandal continues to worsen.  During construction, the City of Vancouver was forced to take over financing of the project, as the developer’s initial lender backed out due to cost overruns.  At the end of last August, the developer fell behind its payment schedule, and the City placed the property into receivership in November.  The development has been a spectacular failure, with fewer than half of the 737 units being sold.  read more »

Vancouver Olympic Villiage Development Becoming a Burden to Taxpayers

The former Olympic athlete's village in Vancouver is in the news again, but this time no one is celebrating. The billion dollar plus development, originally built to house athletes then converted to a residential housing development, was primarily financed by a loan from the city of Vancouver. Millennium Development Corp., developer of the project, currently owes the city $731 million. Millennium was scheduled to pay back the first $200 million by August 31st, but came up $8 million short.  read more »

Vancouver: Moving to the Suburbs

A few weeks ago, The New York Times touted purported savings that a household would save by living in the core city of New York (in Brooklyn) instead of the suburbs (South Orange, New Jersey). The article downplayed the 1,000 fewer square feet the money bought in Brooklyn and did not consider the 40% higher cost of living.  read more »

Rating the Unaffordable: The Economist and Mercer

An article by Carl Bialik in The Wall Street Journal questions the value of city livability ratings, such as lists produced by The Economist and Mercer. This issue has been raised on this site by Owen McShane.  read more »

Unlivable Vancouver

Just in time for the winter Olympics, The Economist has rated Vancouver as the world’s most livable city. The Economist rates cities (presumably metropolitan areas or urban areas) “over 30 qualitative and quantitative factors across five broad categories: stability, healthcare, culture and environment, education and infrastructure.” There is no doubt that Vancouver is in a setting that is among the most attractive in the world.  read more »