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Originally Posted by flylock shox
I think the girl in the video summed it up pretty well: Vancouver is between China and Canada. For a wealthy Chinese person it has everything. Clean air, water, and natural surroundings. Great exchange rate getting better all the time. Stable, democratic country. Minimal barriers to entry. Great investment in addition to being a great way to move large sums of money. High Chinese population already. Direct flights to most major Asian cities.
There is no bubble in Vancouver. It's only going to go up and up from here. Not at its present rate, but consistently, as it has for the past 15 years or so. And Vancouver will become a city of young professionals and oligarchs. Schools will close. New ones will open up in Surrey where families actually live. Businesses will move into the Valley to better accommodate their employees and avoid the insane rents.
It's all predictable and it's part and parcel of being an international Pacific Rim city. People are just going to have to figure out whether it's worth it to them to live here.
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Dude. I am a young professional. I make over the median income for my age. My wife is going to the best law school outside of Toronto. We won't be able to buy here ever.
It will be a city for oligarchs and their servants until nothing is left.
People forget that London, Sydney, Tokyo, New York, San Francisco etc... all have a high-paying sector that exists outside of real estate. That is how people can actually afford to live there.