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I think most Vancouverites would prefer the home buyers would actually immigrate here and move into their purchased homes, and start being taxed Canadian income

I think most Vancouverites would prefer the home buyers would actually immigrate here and move into their purchased homes, and start being taxed Canadian income on their foreign businesses and assets, while becoming a Canadian citizen. And eventually have them integrate into our culture and values, while maintaining their cultural heritage. Now I don't have data, but I feel this would be true. It is for me. And if so, that also would clearly demonstrate to me this isn't a racial issue. Personally, this seems much more like a financial issue. The Vancouver locals are seeing their cost of living go up, and their income go down. That's the problem, as simple as that.

jbay808 8y ago
As a local, I would love this. They're mostly great people, and could contribute so much to the city as new Canadians. But by just buying property without actually living here, it causes lots of damage. I know several children of astronaut families, with their fathers making fortunes abroad at companies like Foxconn and others. If they moved here and brought their knowledge and skills, they could create fantastic jobs and industries. Maybe someday they'll retire here. Their kids falling in love with Vancouver and convincing them to make it a home rather than just an investment are my greatest hope for the city's future.