[Shazam]

Originally Posted by blankall

Foreign investment/money laundering aren't really the major drivers in Canada anymore. The lack of supply is. There's already a shortage and 500,000 new Canadians moving in this year. Calgary is going to be a primary destination for many but also a spill over destination from Vancouver.

The M.O. in Vancouver has certainly changed. There was definitely a time when mysterious buyers were showing up with huge amounts of cash from undetermined sources. Now by far the most common buy is 30-45 year old with huge down payment from parents. Also as lot of boomers buying secondary places for investment still.

For anyone with lots of cash, there are some opportunities in Vancouver. I have a friend who's parents just bought a relatively new build with coach house in Point Grey for $3.1 million. They are renting it out for $10-12k/month (3 legal suites), and then plan to sell to a developer or flip it in 5+ years.

As long as there is a shortage of housing this trend will continue.

Not even a 5% return. An awful, terrible use of cash. This isn't an opportunity.