5 ms·
Same in Vancouver http://www.cbc.ca/news/canada/british-columbia/census-data-reveals-what-metro-vancouverites-already-know-rents-are-through-the-roof-1.4371734
by elchief 9y ago
Same in Vancouver
http://www.cbc.ca/news/canada/british-columbia/census-data-reveals-what-metro-vancouverites-already-know-rents-are-through-the-roof-1.4371734 http://www.cbc.ca/news/canada/british-columbia/census-data-r...
It's the Chinese purchasing places (to dump their laundered money at any price), then leaving them empty, so they don't get worn down from use.
And Canadians paying those same insane prices and they trying to get renters to pay their mortgage.
And everyone renting on AirBNB instead of to locals
Re: down-votes, you think I'm being racist but this is what is actually happening:
http://vancouversun.com/news/national/exclusive-how-b-c-casinos-are-used-to-launder-millions-in-drug-cash http://vancouversun.com/news/national/exclusive-how-b-c-casi...
- linkregister 9y agoThat article describes the process but it doesn’t actually say how much property was purchased or whether this affected the real estate market. It might be other Canadians performing the real estate purchases. Until BC actually publishes some stats about what percentage of places are foreign-owned, we won’t really know.