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There actually is data. Ian Young, who writes the Hongkouver blog for the South China Morning Post, said this in a recent interview with Vancouver Magazine: >
by kareemm 11y ago
There actually is data.
Ian Young, who writes the Hongkouver blog for the South China Morning Post, said this in a recent interview with Vancouver Magazine:
> We’ve got peer-reviewed academic data from David Ley at UBC, who found what he called ‘an unusually decisive link’ between immigration and property prices in Vancouver, and this is going back over 25 years. We had Markus Moos and Andrejs Skaburskis who did another peer-reviewed piece of academic research that found that prices in Vancouver had become decoupled from local incomes by virtue of the fact that the home buying behavior of many recent immigrants was not tied to their local income. That cuts directly to the issue of foreign money.[1]
A quick google for those authors will turn up their studies.
1- http://vanmag.com/city/the-van-mag-qa-ian-young/ http://vanmag.com/city/the-van-mag-qa-ian-young/
- Jack000 11y agoThose studies are seriously flawed imo as their methodology is to filter on non-anglicized Chinese names and use that as a proxy for foreign money. That would describe a lot of people that aren't recent immigrants, like me. If anything, those studies show that ethinic-Chinese people are more predisposed to buying a house than renting, even when renting is much cheaper.
- CountSessine 11y agoseriously flawed is an overstatement; there have been two studies done so far and while the researchers acknowledge the limitations of the method, in aggregate it is considered mostly sound by their peers. But I agree - we should have something a bit more conclusive than 'Chinese names'. But the whole point is that the current provincial government is actively hostile to requiring real estate agents to collect this information. So last names are all we have.
- msie 11y agoOne of the studies looked at the names of people purchasing in a pricy small neighbourhood. That hardly generalizes to all of vancouver.
- CountSessine 11y agoJust looking at that neighbourhood on MLS, it really doesn't look any different than the rest of Vancouver-proper.
- kareemm 11y agoThe non-anglicized Chinese names study that you're referring to is by Andy Yan, an architect in Vancouver. His data is interesting and adds to the conversation, but is not peer reviewed or an academic study[1]. The studies I refer to above are more rigorous in their approach and thus their results are, imho, more reliable. http://www.vancourier.com/news/controversial-foreign-ownership-study-is-about-money-not-race-andy-yan-1.2106034 http://www.vancourier.com/news/controversial-foreign-ownersh...