The problem is that in Vancouver they're selling it... in Hong Kong, setting up real estate offices and recruiting foreign real estate agents sell the product o

The problem is that in Vancouver they're selling it... in Hong Kong, setting up real estate offices and recruiting foreign real estate agents sell the product outside the city. There's no local demand for the housing at the prices that they want to get, so they have to go outside the city. This of course inflates demand and buyers with incomes beyond local Vancouver incomes crowd out locals.