5 ms·

It's racist, but after Hong Kong and Macau, Vancouver was readily referred to as Hongcouver. The money spilling in from Asia has been going on for a long time.

• lpaone 10y ago
  The difference is that the first wave of foreign money that came into the city was from Hong Kong. Generally a lot of these immigrants started businesses in the city and contributed to the economy. This is not the case with the current influx of cash. Houses are sitting empty and there is evidence that it is really hurting the economy.