As the most populous city in British Columbia, the 2016 census recorded 631,486 people in the city of Vancouver, up from 603,502 in 2011. Vancouver has the highest population density in Canada with over 5,400 people per square kilometre.
VANCOUVER is one of seven (7) exclusive marketing areas (franchise territories) identified by TWO MEN AND A TRUCK® for the Greater Vancouver Area, with a population base of 523,125. Franchise candidates looking for multiple territory development opportunities should consider aligning this opportunity with North and West Vancouver and Horseshoe Bay.
Vancouver is one of the most ethnically and linguistically diverse cities in Canada. Vancouver is consistently named as one of the top five worldwide cities for livability and quality of life and the Economist Intelligence Unit acknowledged it as the first city ranked among the top-ten of the world’s most well-living cities for five consecutive years. Vancouver has hosted many international conferences and events and its scenic location makes it a major tourist destination.
With its location on the Pacific Rim and at the western terminus of Canada’s transcontinental highway and rail routes, Vancouver is one of the nation’s largest industrial centres. Port Metro Vancouver, Canada’s largest and most diversified port, does more than $172 billion in trade with over 160 different trading economies annually. Vancouver is also the headquarters of forest product and mining companies. In recent years, Vancouver has become a centre for software development, biotechnology, aerospace, video game development, animation studios and television production and film industry. The city’s strong focus on lifestyle and health culture also makes it a hub for many lifestyle-brands with Lululemon, Arc’teryx, Kit and Ace, Mountain Equipment Co-Op, Herschel Supply Co., Aritzia, Reigning Champ, and Nature’s Path Foods all founded and headquartered in Vancouver.
The real estate industry is a key economic driver in British Columbia. In 2019 the Real Estate Board of Greater Vancouver (REBGV) recorded 25,351 homes sales for Metro Vancouver, a 3% increase from 2018.
REBGV reports that residential home sales in the region totaled 1,571 in January 2020, a 42.4% increase from the 1,103 sales recorded in January 2019.
Based on the sheer number of homes being listed and sold, the number of people moving from apartment to apartment and condo to condo there is a wealth of opportunity for TWO MEN AND A TRUCK® in North Vancouver and other GVA municipalities.