Lack of affordable housing, public transit hinder Vancouver: report
VANCOUVER — A new report says Vancouver’s inadequate public transit and lack of affordable housing may hinder the city’s ability to attract labour and business investment.
The Greater Vancouver Board of Trade released a scorecard Wednesday prepared by the Conference Board of Canada that rates the city ninth among big international cities in terms of key economic and social indicators.
Singapore received the scorecard’s top marks, while Miami finished last in 20th place.
Part of the reason for Vancouver’s ranking is that the region’s economy has performed well for several years, and the area is a diverse and attractive place to live, said Iain Black, the board of trade’s CEO.