Quote:
Originally Posted by Winsor_Pilates
Well I didn't make the statement, so not my job to enlighten. That's why I was asking you.
Not trying to take shots at you personally, but that statement gets tossed around a lot by people who don't have any stats to back it up and often by people who don't even live in Vancouver, let alone deal with Vancouver real estate.
I'm just curious how it has become a "fact" that people keep quoting without actually any evidence, empirical or anecdotal.
As I see it, immigrant ownership and foreign ownership gets used interchangeably but are 2 very different things.
Vancouver has a lot of the former, but I don't think the percent is very high on the latter which is what always gets stated.
What people are really complaining about is that wealthy immigrants are coming here with sources of income beyond the local 9-5 jobs, and it's hard as hell for your average 9-5er to keep up.
Fair complaint and something I can certainly relate to myself, but that's not a "foreign ownership" problem.
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Well 2011 census numbers show alarming trends of vacancies and non-resident owned units in downtown Vancouver; small area of total Vancouver I know, but it's an affluent area where housing prices influence the rest of Yaletown, Fairview and Vancouver West. As it says in the article, those vacancies are just a signal that their is a high number of foreign ownership, and not hard data, but it's enough to take a closer look at:
http://www.theglobeandmail.com/news/...ticle10044403/
