Very few people living in the Metro Vancouver area are unaware of the screaming hot real estate market. In fact, it’s next to impossible to avoid the topic if you consume any kind of news or information that relates to Vancouver.
And while there has been a plethora of stories and surveys to remind us daily about how expensive it is, there hasn’t been much historical context.
Produced by the team at data design firm Visual Capitalist, which specializes in investments trends, their latest graphic is an all-encompassing look at how we got here, taking the viewer on a visual journey that begins with the opening sentence:
“On January 29th, 2016, Vancouver went crazy.”
From there, the infographic takes us back to Vancouver’s start in the 1880s, with the visual story quickly running through the effects of Expo 86, the Hong Kong handover of the 1990s, Canada and Quebec’s immigration investor programs, and finally the current feeding frenzy.
Using different datasets, the project took weeks to build and aims to sum up the real estate situation in Vancouver.
“At a certain point last year, real estate became our collective civic obsession,” Nick Routley, the Creative Director of Visual Capitalist, said in a media release, “Since we’re based in Vancouver and actually living in this super-heated market, we wanted to help people understand the full scope of what’s happening here,”
For anyone who wants to know how we got to this point without being bored by endless numbers, graphic and charts, Real Estate Mania: The story of how Vancouver lost its affordability…and its mind is the perfect, if somewhat depressing, alternative.