Quote:
Originally Posted by blankall
I very much disagree with this. Even without a stress test, locals were not affording to buy detached houses, which were literally starting at 1.5 million for a tear down. Foreign investment was the major driver of the crazy market.
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Depends how you define "local".
Do you mean white skinned and been here for more than 40 years?
Or does the large wave of wealthy immigrants who have come to Vancouver since the 80s count?
At what point does their money get to be called "local"?