BC Mortgages and Home Loan News
ByVancouver mortgage: Vancouver is a coastal city and major seaport located in the Lower Mainland of southwestern British Columbia, Canada. It is the largest city in both British Columbia and Western Canada and the second largest after Seattle in the Pacific Northwest.
Vancouver is bounded by the Strait of Georgia, Burrard Inlet, the Fraser River, the city of Burnaby, and the University Endowment Lands.
The population of the city of Vancouver is approximately 578,041and the population of Metro Vancouver is approximately 2,116,581. Vancouver is also part of the slightly larger Lower Mainland metropolitan area which comprises a total population of 2,547,479, making it the largest metropolitan area in Western Canada and the third largest in the country.
The economy of Vancouver has traditionally relied on British Columbia’s resource sectors: forestry, mining, fishing and agriculture. It has diversified over time, however, and Vancouver today has a large service industry, a growing tourism industry, and it has become the third-largest film production centre in North America after Los Angeles and New York City, earning it the nickname Hollywood North. The 2010 Winter Olympics and 2010 Winter Paralympics will be held in Vancouver and nearby Whistler, a mountain town 125 km north of the city.
Mortgage lenders tend to consider the Vancouver Mortgage market as prime property location and strong value, thus many lenders will consider doing a Vancouver Mortgage.
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