Greater Vancouver, also known as Metro Vancouver, is the metropolitan area with its major urban centre being the city of Vancouver, British Columbia, Canada. As a geographic region, Greater Vancouver is part of the Lower Mainland, one of British Columbia’s three main geospatial/cultural divisions, and overlaps with the Lower Fraser Valley.
The 2006 Census estimated the population of Greater Vancouver at 2,116,581.
Economy & Employment
Greater Vancouver is defined as the Vancouver census metropolitan area (CMA), which contains 39 census subdivisions, including the city of Vancouver. It is Canada’s third-largest metro region, in population and economic activity. It has around 2.5 million residents and in 2014 produced goods and services valued at $119 billion – 58% of British Columbia’s real Gross Domestic Product.
Greater Vancouver’s real GDP per capita growth has outpaced the national average since 2005. Between 2010 and 2014, the metro region’s annual average real GDP per capita growth was 1.9%, 0.5 points above the national average of 1.4%. Real GDP surpassed 3% growth in four of the past five years.
The region’s recent economic success can be attributed to strong in-migration, an influx of businesses and private investment, and the growing importance of its role as Canada’s Pacific gateway to Asia.
But Greater Vancouver has a lot more going for it. Financial services, insurance, tourism and information technology are some of the sectors where the metro region has demonstrated its competitive advantage in relation to the rest of Canada.
Living & Things to Do
Vancouver and Greater Vancouver area have been named as one of the top five worldwide areas for liveability and quality of life.
Vancouver’s scenic location makes it a major tourist destination. Many visit to see the city’s gardens, Stanley Park, Queen Elizabeth Park, VanDusen Botanical Garden and the mountains, ocean, forest and parklands which surround the city. Every year over a million people pass through Vancouver on cruise ship vacations, often bound for Alaska.
However, Greater Vancouver area is the most stressed in terms of affordability of housing in Canada. Vancouver city has adopted various strategies to reduce housing costs, including cooperative housing, legalized secondary suites, increased density and smart growth.
Here’s more information about living in Vancouver, BC: http://www.metrovancouver.org
Here’s a quick video for you to learn more about visiting and living in Greater Vancouver, BC:
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