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Yeah, let's see some sources on how foreign buyers are propping up the Vancouver market. Last time I looked (around 2010) all the studies were claiming that imm
by 3pt14159 11y ago
Yeah, let's see some sources on how foreign buyers are propping up the Vancouver market. Last time I looked (around 2010) all the studies were claiming that immigrants that were buying homes had borrowed money from their Chinese parents, and thus this was foreign money. But almost everyone under the age of 40 borrows to buy.
I think the real problem lies in interest rates. They show a clear correlation between sustained low interest rates and asset inflation.