CLEAN : Olympics: Vancouver still counting the cos

The video discusses the development of Vancouver's Olympic Village, initially envisioned as a green housing project in a former industrial area. Economic challenges, including a global economic collapse and high land prices, led to significant financial losses. The video highlights the ongoing issues of housing affordability, with many residents unable to afford rising rental costs. It also touches on market dynamics and the impact of rezoning on the housing market.

What was the initial perception of Vancouver's Olympic Village in 2011?

• A residential paradise

• A bustling business hub

• A ghost town

• A tourist attraction

What was one of the main challenges faced during the development of the Olympic Village?

• Insufficient infrastructure

• Environmental concerns

• High land prices

• Lack of interest from investors

How did the global economic collapse affect the Olympic Village project?

• It caused significant financial losses

• It accelerated the project timeline

• It improved housing affordability

• It led to increased investment

What percentage of income does the narrator mention spending on rent?

• 80% to 85%

• 50% to 55%

• 60% to 65%

• 70% to 75%

What impact has the high cost of living had on the community in the Olympic Village?

• People leaving the area

• Increased population

• Improved social connections

• More business opportunities