While cities such as Langley, Coquitlam, and Squamish have seen up to 25% in population growth since 2011, there’s one municipality that is experiencing the complete opposite: West Vancouver.
As the fastest shrinking city in the Lower Mainland, West Van has garnered recent media attention for its steady decline in population. There’s been a variety of issues that are being blamed: foreign buyers, soaring house prices, and an aging population that won't move out to name a few. But is there a more underlying factor? According to Ryan Berlin, Senior Economist at Rennie, there is. Read more in our latest blog post.