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What are hedge cities and why is Vancouver considered one of them?

As told to James Surowiecki of The New Yorker, by urban planner Andy Yan, for the May 26, 2014, edition:

"What hedge cities offer is social and political stability, and, in the case of Vancouver, it also offers long-term protection against climate change. There are now rich people around the world who are looking for places where they can park some of their cash and feel safe about it."

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