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Actually, it is foreign investment: http://news.nationalpost.com/news/canada/in-a-six-month-period-70-of-detached-homes-sold-in-vancouvers-west-side-went-to-mai

by biot 11y ago

Actually, it is foreign investment: http://news.nationalpost.com/news/canada/in-a-six-month-period-70-of-detached-homes-sold-in-vancouvers-west-side-went-to-mainland-china-buyers http://news.nationalpost.com/news/canada/in-a-six-month-peri... "In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers..." Even if those numbers are off, it's a huge influence on the market.

refurb 11y ago
Did you read the article? They looked at the last names on the titles and if they were Mainland Chinese names they assumed they were foreigners, which is utterly ridiculous in the city of Vancouver where the population is almost 50% Asian, with most being multi-generational immigrants. That's like doing the same study in Boston and claiming foreigner buyers from Ireland own 50% of Boston homes!