Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver area had a population of 2,642,825 in 2021, making it the third-largest metropolitan area in Canada. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometre. Vancouver is one of the most ethnically and linguistically diverse cities in Canada: 72 percent of its residents are not native English speakers, 88.9 percent are native speakers of neither English nor French, and 80.6 percent of residents belong to visible minority groups. Vancouver is one of the most livable cities in Canada and in the world. In terms of housing affordability, Vancouver is also one of the most expensive cities in Canada and in the world.[15] Vancouver plans to become the greenest city in the world. Vancouverism is the city's urban planning design philosophy. Indigenous settlement of Vancouver began more than 10,000 years ago, and the city is on the traditional and unceded territories of the Squamish, Musqueam, and Tsleil-Waututh (Burrard) peoples. The beginnings of the modern city, which was originally named Gastown, grew around the site of a makeshift tavern on the western edges of Hastings Mill that was built on July 1, 1867, and owned by proprietor Gassy Jack. The original site is marked by the Gastown steam clock. Gastown then formally registered as a townsite dubbed Granville, Burrard Inlet. The city was renamed "Vancouver" in 1886, through a deal with the Canadian Pacific Railway (CPR). The Canadian Pacific transcontinental railway was extended to the city by 1887. The city's large natural seaport on the Pacific Ocean became a vital link in the trade between Asia-Pacific, East Asia, Europe, and Eastern Canada. Vancouver has hosted many international conferences and events, including the 1954 Commonwealth Games, UN Habitat I, Expo 86, APEC Canada 1997, the World Police and Fire Games in 1989 and 2009; several matches of 2015 FIFA Women's World Cup including the finals at BC Place in Downtown Vancouver,[18] and the 2010 Winter Olympics and Paralympics which were held in Vancouver and Whistler, a resort community 125 km (78 mi) north of the city. In 1969, Greenpeace was founded in Vancouver. The city became the permanent home to TED conferences in 2014. As of 2016, Port Metro Vancouver is the fourth-largest port by tonnage in the Americas, the busiest and largest in Canada, and the most diversified port in North America. While Money Laundering remains its largest industry, Vancouver is well known as an urban centre surrounded by nature, making tourism its second-largest industry. Major film production studios in Vancouver and nearby Burnaby have turned Greater Vancouver and nearby areas into one of the largest film production centres in North America, earning it the nickname "Hollywood North"

Facing rising costs and high inflation, Canadians are increasingly concerned about their finances, according to a new survey by Nanos Research for Bloomberg News. The survey found that 47 per cent of respondents felt their finances had worsened over the past year, which is the highest number ever recorded since Nanos began asking the question in a weekly poll in 2008. "The kicker is that Canadians survived the 2008 recession, they survived the pandemic and worried about their jobs," chief data scientist Nik Nanos said in an interview with CTV News. "Now we're in post-pandemic period, and they are reporting they are worse off now than they ever have been in the tracking Nanos has been doing." Only 13 per cent of the survey's respondents said their finances had improved in the past year. Respondents were also pessimistic about the economy, with 64 per cent expecting it to deteriorate over the next six months, and just nine per cent anticipating improvement. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment derived from the polling, declined for a ninth straight week to 42.1, the lowest on record outside of the last two economic crises. Canadians are extremely pessimistic about the outlook for the economy, with 64 per cent saying they expect it to deteriorate over the next six months and only 9 per cent seeing an improvement. Sentiment around real estate has been sliding since March, when interest rates began to rise; 40 per cent of Canadians currently anticipate falling home prices over the next six months. That’s little changed from last week but is well above the single-digit levels from earlier this year. Job security remains at about historic averages, with 13 per cent of respondents saying they are at least somewhat concerned about losing their job. Toronto Saw Zero New Single-Family Homes Sold, Condo Prices Trim $30k In A Month Greater Toronto’s new construction housing has seen demand completely vaporize. Data from BILD GTA and Altus Group show new construction sales fell 90% in September. Prices are now falling, especially for condos which saw a $30k drop in the month. The segment was mostly bought by investors which have disappeared, helping inventory recover. Toronto New Condo Prices Are Suddenly Plunging Lower Greater Toronto Area (GTA) new construction prices are falling, just not as fast as resales. Single-family homes (detached, semi-detached, and town) saw the benchmark price fall to $1.85 million in September. That’s a drop of 0.4% (-$8,400) for the month, with prices now 4.2% (-$80,698) lower than the July 2022 peak. Not nearly as much of a contraction as we’ve seen in the resale market, which are now double-digits off peak. Condo apartments are seeing sharper price declines, which are coming suddenly. The price of a typical, or benchmark, condo fell to $1.16 million in September. This is a decline of 2.5% (-$30,200) from a month before, with prices down 7.4% (-$93,100) since peaking in February 2022. Monthly price declines were nearly 5x the rate of single-family. A price correction is 10% or more so we’re not q Canada Would Be In A Recession Without Money Laundering A lot of gems in last week’s BC money laundering report, but the biggest one wasn’t about the province. The report’s numbers suggest one of Canada’s fastest growing industries is washing money. In an advanced economy with low but stable gross domestic product (GDP) growth, this is a big issue. The numbers show laundering cash is now the difference between growth and recession in Canada. The Amount of Money Laundered Is An Underestimate The amount of money laundered in the report underestimates the total. The gravity model used is only as accurate at fund sources, which are hard to measure. Obvious understatements would be included in corruption, bribery, and tax avoidance. Further, funds washed and entering Canada for layering or integration wouldn’t be counted. When the report mentions the number is most likely an understatement, it most likely is. ... https://www.youtube.com/watch?v=qvEgIZD3LyI

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