# Seattle vs. Vancouver

> A reader recently shared an article with me called: Why Seattle builds apartments, but Vancouver, BC, builds condos. Thanks for that. It’s a good summary of the differences between these two markets and why over the last five years less than 4% of all new residential units built in Seattle have been condos. The story is obviously very different in Vancouver. It’s also a good reminder that incentives matter. Capital has a funny way of flowing to where the returns are greatest. Chart: Sightline...

URL: https://paragraph.com/@brandondonnelly/seattle-vs-vancouver
Author: Brandon Donnelly
Published: August 17, 2017
Categories: apartments, cities, condos, construction, development, housing, real-estate, real-estate-development, seattle, uncategorized, urbanism, vancouver

A reader recently shared an article with me called: Why Seattle builds apartments, but Vancouver, BC, builds condos. Thanks for that.
It’s a good summary of the differences between these two markets and why over the last five years less than 4% of all new residential units built in Seattle have been condos. The story is obviously very different in Vancouver.
It’s also a good reminder that incentives matter. Capital has a funny way of flowing to where the returns are greatest.
Chart: Sightline Institute