VANCOUVER, BRITISH COLUMBIA INFORMATION & REAL ESTATE & LOCAL SERVICES


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Vancouver, British Columbia

Vancouver is located on Canada's West Coast in the province of British Columbia. It is the third largest metropolitan area in Canada, with a population of 2,208,300 (2005 est) and a city population of 583,267 (2005 est). Vancouver is considered to be a relaxed city, with a lively cultural scene, a reputation as a tolerant city open to social experimentation and alternative lifestyles and year-round access to outdoor activities such as hiking, cycling, boating, and skiing. Vancouver is often referred to as "Hollywood North", due to the fact that it is the third largest film production centre for US-based productions. Vancouver is ranked the 2nd most expensive city to live in Canada, and has the highest housing prices in Canada. In 2010 Vancouver will play host to the 2010 Winter Olympics.

Demographics Vancouver British Columbia (Census 2001)

     
Ethnic Origin
Population
Percentage
English
475,075
24.14%
Canadian
378,545
19.24%
Chinese
347,985
17.68%
Scottish
311,940
15.85%
Irish
234,680
11.92%
German
187,410
9.52%
East Indian
142,060
7.22%
French
128,715
6.54%
Ukranian
76,525
3.88%

Don't Be Alarmed, I.D. Required

As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.

Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.

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REALTOR®, Realtor®, realtor

The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association. The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word. This is a Canadian site offering information, the word REALTOR® intended use is that of a member of the Canadian Real Estate Association. The owner of the site is a member of the Canadian Real Estate Association. If you would like further information please contact.

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