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Is there a reason that those foreign investors like Vancouver specifically so much? People have been talking about the sharply increased prices in Vancouver for

• walrus01 5y ago
  It's my understanding that it's primarily related to historical (past 40 years) immigration patterns to Vancouver. And the size of Mandarin and Cantonese speaking communities in the metro Vancouver area, which is of a similarly large amount of people as in Toronto. Earlier immigration to the lower mainland of BC was mostly Cantonese speaking folks from the region of Hong Kong, since about 2000 it's been much more "new money" Mandarin and more northern regions of China. Not just people looking for a safe place to park money but also enough members of their first language and ethnic community that there's a good selection of grocery stores, restaurants, retail shops, community events/entertainment. That's my theory, at least. https://en.wikipedia.org/wiki/Chinese_Canadians_in_Greater_Vancouver https://en.wikipedia.org/wiki/Chinese_Canadians_in_Greater_V...
• digianarchist 5y ago
  Traditionally it’s been a landing zone for East Asian immigrants. That said I’m very skeptical that foreign money is causing the bubble in Canada. We’re bringing in 400,000 high skilled people per year and we allow people to raid their current home value and their pensions in order to buy a home. Those two things overshadow the measly 6-8% of the market which is foreign buyers. The proposed ban on foreign purchases will hopefully prove me out.