REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 11-02-2015, 07:36 AM   #4151
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Quote:
Originally Posted by Hondaracer View Post
If you're selling in under a week at asking, you/your realtor probably undervalued your home IMO.

It's not greed to get what the market is paying.
if that's directed at my comment, what i wanted for it != asking price. we got > than asking, and >> than assessed.

What i wanted was more than what most people thought we'd get for it, i was told "you could get lucky" - we had great places as comps, so i knew exactly where it priced, but figured someone would want to pay that little extra for what this house had, I was right.
Advertisement
4444 is offline   Reply With Quote
Old 11-02-2015, 07:43 AM   #4152
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 36,203
Thanked 14,195 Times in 5,577 Posts
Was speaking more just in general, detached single families are a little tougher to gauge because someone could walk in and fall in love with the place instantly, where as in condos/townhouses you typically know what you're getting and it's a dime a dozen
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 11-02-2015, 07:43 AM   #4153
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Vancouver real estate is a Mainland Chinese buyers' market, study says

Groundbreaking study shows 70 per cent of detached homes sold in a six-month period on Vancouver's west side went to Mainland Chinese buyers; many of them housewives or students with little income

Quote:
The dominant influence of Chinese investors in Vancouver has finally been proven with comprehensive data.

In a recent six-month period about 70 per cent of all detached homes sold on Vancouver’s west side were purchased by Mainland China buyers, an academic case study shows.

Even more stunning, the study shows that of all self-declared occupations among owners — on homes worth an average $3.05 million — 36 per cent were housewives or students with little income.

And 18 per cent of the 172 homes purchased were not mortgaged by banks. That means roughly $100 million in questionable cash was poured into Vancouver’s west side from August 2014 to February 2015, much of it from China. Total value of all homes sold in the study period was $525 million.

David Eby, the NDP MLA for Vancouver-Point Grey, told The Province he helped city planner and researcher Andy Yan undertake the B.C. land-title study because many of his Vancouver west side constituents have complained about hollowed-out neighbourhoods, absentee investors, property flipping, and suspicions of money laundering and unfair tax avoidance.

Eby said the study fills a data gap in Vancouver and “bears out the anecdotal feelings that people have about Mainland China buyers.”

“We’re still at the point where we won’t even admit we have an issue, while other jurisdictions have studied this or taken action,” Eby said. “It’s my hope this data shows that this money has a profound influence.”

Canada does not collect data on foreign ownership, and the citizenship of buyers in Yan’s study is not clear. But Yan established that 66 per cent of all buyers had “non-anglicized” Mainland China names.

Ethnic Chinese comprised 73 per cent of all buyers. Five per cent of buyers were corporations, but the people behind the investment vehicles were not identified. Of 32 homes sold for more than $4 million, 94 per cent of owners were ethnic Chinese and the rest were corporations.

The study also showed that five of eight homes owned by “students” were bought outright with cash at an average value of $3.2 million.

Tax experts have raised concerns that offshore investors are exploiting tax code loopholes to evade GST and capital gains. Housewives and students with little or no declared income can live briefly in Vancouver and flip properties tax-free, reports say, while claiming a home is a primary residence. In some of these so-called “astronaut” family arrangements, the real homebuyer lives and works in China while flowing money through relatives into Vancouver in order to store wealth.

Also, recent academic studies have shown that about 30 per cent of households in some of Vancouver’s wealthiest west side neighbourhoods, where Chinese migrant buyers are dominant, declare meagre incomes much below their annual housing costs.



Ownership Patterns of Single Family Homes Sales on the West Side Neighborhoods of the City of Vancouver: A Case Study from ayan604
Eby said Yan’s findings mean the provincial government must look at the tax implications of “astronaut” families and investment from China, and answer some tough questions.

“When you see all the homemakers and students on the titles buying $3-million homes with mortgages, it really supports the idea that money from somewhere else is coming in,” Eby said.

“The questions that come up for me are: China is an authoritarian state that has lots of issues with corruption. Is the money coming into Vancouver the kind we want to be encouraging? And are we doing everything we can to make sure we leverage this investment to benefit British Columbians as much as possible? Or is this just benefiting the super-car dealerships on Burrard Street?”

In an interview, Yan said he was surprised that housewife is the prime occupation of Vancouver west side home buyers, with 52 homemakers out of a total 228 individual buyers in the study. “Business person” was the next highest occupation, at 42.

Yan noted the majority of the homes were mortgaged through Canadian banks. This suggests the banks offer services to facilitate investment from high-net-worth investors who face strict rules against transferring more than $50,000 per year from China. The study did not look at details of financing arrangements and how foreign exchange transfers were made.

Yan said his findings show major migration forces are at work, and real estate in Metro Vancouver is now a global commodity.

“I think the bigger question to be studied is what happens when the driver for your residential market is wealth, not wages? That is a major public policy issue.”

Yan’s findings add weight to a report this summer from Macdonald Realty Ltd. that said Mainland China cash accounted for 70 per cent of the company’s sales of homes worth $3 million or more in Vancouver’s west side, east side, and downtown core.

A recent Royal LePage report said patterns of offshore investment seen across Vancouver are accelerating in Richmond, Burnaby and Surrey.

This year, facing calls from the city of Vancouver to limit property speculation, Premier Christy Clark’s government said there’s no data to support “the perception” that foreign speculators are driving Metro Vancouver’s market out of reach for locals.

Clark relied on a report from the B.C. Real Estate Association that claimed foreign cash accounts for less than five per cent of Greater Vancouver home sales.
Vancouver real estate is a Mainland Chinese buyers' market, study says


I've been saying this all along. Too many deniers like garth turner and Real estate boards/ developers. saying Foreign buyers don't have any influence.

Who else can afford paying millions of dollars for detached homes?
iEatClams is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 07:50 AM   #4154
OMGWTFBBQ is a common word I say everyday
 
Join Date: Apr 2006
Location: Tres Ciudades
Posts: 5,407
Thanked 3,680 Times in 1,522 Posts
^ lol i think everyone knew that to begin with.
Doubt anything will be done much about it though

study will probably be brushed aside or outright ignored by Crusty and co.
__________________
"There's a lot of dead people who had the right of way."
"Never argue with stupid people, they will drag you down to their level and beat you with experience."
"I have a lot of beliefs, and I live by none of them. They're just my beliefs, they make me feel good about who I am. But if they get in the way of a thing I want, like I wanna jack off or something, I just do that."
6o4__boi is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 08:03 AM   #4155
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Quote:
Originally Posted by 6o4__boi View Post
^ lol i think everyone knew that to begin with.
Doubt anything will be done much about it though

study will probably be brushed aside or outright ignored by Crusty and co.
if you go back on this forum a year or two back. there were many that said foreign buyers had no affect on housing prices. Hell, even news articles were trying deny it.

The asians knew all along. I find a lot of white people don't know about it. They just think it's only low interest rates, easy lending etc. You'd be surprised how many people I meet that are ignorant of how mainland buyers affect the market, or why they even want to move their money here etc.
iEatClams is offline   Reply With Quote
Old 11-02-2015, 08:11 AM   #4156
I contribute to threads in the offtopic forum
 
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Quote:
Originally Posted by iEatClams View Post
if you go back on this forum a year or two back. there were many that said foreign buyers had no affect on housing prices. Hell, even news articles were trying deny it.

The asians knew all along. I find a lot of white people don't know about it. They just think it's only low interest rates, easy lending etc. You'd be surprised how many people I meet that are ignorant of how mainland buyers affect the market, or why they even want to move their money here etc.
to play devil's advocate, this is a study of Vancouver's West side, one neighborhood of the greater Vancouver market (though it would just push locals from west to east, or north, or wherever.

Is this not the same study that said it was Chinese people with mortgages?

Bank mortgages, not bags of cash, behind mainland Chinese home buys: study

same day, similar data, different article... either way, it's a mix of everything, there is a cash buyer influence, there is a cheap debt effect, there is a hysteria effect. all i know is, you have to be crazy to buy into this shit (real estate) at these valuations
4444 is offline   Reply With Quote
Old 11-02-2015, 08:34 AM   #4157
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
Quote:
Originally Posted by 4444 View Post
to play devil's advocate, this is a study of Vancouver's West side, one neighborhood of the greater Vancouver market (though it would just push locals from west to east, or north, or wherever.

Is this not the same study that said it was Chinese people with mortgages?

Bank mortgages, not bags of cash, behind mainland Chinese home buys: study

same day, similar data, different article... either way, it's a mix of everything, there is a cash buyer influence, there is a cheap debt effect, there is a hysteria effect. all i know is, you have to be crazy to buy into this shit (real estate) at these valuations

fundamentally, yes the prices/valuations are crazy insane. but supply and demand and one can argue that prices are where they are because there is a lot of demand for them and not enough supply. The valuations may not be crazy for the foreigners. Will there be a decreased demand from foreign buyers? I don't see that happening. I think we will continue to see chinese buyers buying in Canada in the years to come. Even if they implement restrictions or enforce a tax, it still wont stop them (they still continue to buy in Australia, singapore, London etc).

I can see a decrease in RE prices happening if the canadian dollar goes back up to par again which will decrease the purchasing power for some of the foreigners.



Foreign buyers, easy lending, low rates, speculators. I think if you remove/reduce foreign buyers there will be a lot less speculators though. (same can be said about easy lending and low rates but not to the same degree).

Here's an article mentioning how banks are increasing mortgage limits for the foreign buyers to cash in on the wave.



Royal Bank scraps size limit on newcomer mortgages to keep up with Chinese demand:

Royal Bank scraps size limit on newcomer mortgages to keep up with Chinese demand - Business - CBC News
iEatClams is offline   Reply With Quote
Old 11-02-2015, 09:13 AM   #4158
I don't get it
 
Join Date: Jul 2001
Location: Parksville
Posts: 435
Thanked 169 Times in 26 Posts
Quote:
Originally Posted by Hondaracer View Post
If you're selling in under a week at asking, you/your realtor probably undervalued your home IMO.

It's not greed to get what the market is paying.
Yes and no. If the market was willing to pay more, I would have received the offers that reflected that. A unit similar to mine in the same building sold for $12k over asking a week prior. It was 70sq/ft larger, and had a couple features mine didn't have. I think I got relatively close to what the market reflects. Many others in my price range have sat for awhile (2 - 4 months). The reason mine sold is that it's a desirable unit with a nice layout, in a great location.

A dime a dozen condo seems to sit for an average of 60 - 120 days unless it's a true bargain.

Detached homes and condos cannot be compared in this market.
HKSR is offline   Reply With Quote
Old 11-02-2015, 09:24 AM   #4159
RS.net, helping ugly ppl have sex since 2001
 
pastarocket's Avatar
 
Join Date: Feb 2010
Location: Vancouver
Posts: 8,845
Thanked 3,462 Times in 1,671 Posts
Quote:
Originally Posted by iEatClams View Post
Vancouver real estate is a Mainland Chinese buyers' market, study says

Groundbreaking study shows 70 per cent of detached homes sold in a six-month period on Vancouver's west side went to Mainland Chinese buyers; many of them housewives or students with little income



Vancouver real estate is a Mainland Chinese buyers' market, study says


I've been saying this all along. Too many deniers like garth turner and Real estate boards/ developers. saying Foreign buyers don't have any influence.

Who else can afford paying millions of dollars for detached homes?
Is Captain Obvious or Timpo working on that market study??
This is old news. -hardly groundbreaking.
__________________
Go Canucks go!
pastarocket is offline   Reply With Quote
Old 11-02-2015, 09:51 AM   #4160
What hasn't Killed me, has made me more tolerant of RS!
 
Join Date: Aug 2012
Location: Vancouver
Posts: 181
Thanked 109 Times in 44 Posts
Quote:
Originally Posted by 4444 View Post
to play devil's advocate, this is a study of Vancouver's West side, one neighborhood of the greater Vancouver market (though it would just push locals from west to east, or north, or wherever.

Is this not the same study that said it was Chinese people with mortgages?

Bank mortgages, not bags of cash, behind mainland Chinese home buys: study

same day, similar data, different article... either way, it's a mix of everything, there is a cash buyer influence, there is a cheap debt effect, there is a hysteria effect. all i know is, you have to be crazy to buy into this shit (real estate) at these valuations
They can't bring in that much cash without someone getting suspicious. Thus they get a mortgage and bring in their cash gradually. Don't be fooled by the fact they are taking out mortgages. Money laundering is not something you want to rush.
JaPoola is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 11:33 AM   #4161
RS Veteran
 
TouringTeg's Avatar
 
Join Date: Nov 2001
Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
I'm wondering what effect Chinese buyers are having on Vancouver Island. There are rumours and the odd media story about them buying in Victoria and Nanaimo.

My sister is moving back from Edmonton to Victoria and put an offer on this house below. Has a suite but just 3 bed 2 bath total so you are living in a 2 bedroom. All buyers were getting inspections done prior to making an offer.

The sellers were not viewing offers until Sunday. There were 13 offers and it was sold way over asking. Very hot market in Victoria. Partly driven by buyers not wanting to deal with the commute from Langford.

1879 Townley St MLS®-357571 for Sale | RE/MAX
TouringTeg is offline   Reply With Quote
Old 11-02-2015, 11:42 AM   #4162
I contribute to threads in the offtopic forum
 
Join Date: Apr 2007
Location: n zone
Posts: 2,660
Thanked 1,910 Times in 606 Posts
can anyone link me to a study conducted on an gov't artificially controlling the price of real estate? can be any country/city etc
Sid Vicious is offline   Reply With Quote
Old 11-02-2015, 11:51 AM   #4163
Lomac owned my ass at least once
 
Traum's Avatar
 
Join Date: Aug 2007
Location: Paradise, BC
Posts: 6,470
Thanked 6,187 Times in 2,466 Posts
Quote:
Originally Posted by TouringTeg View Post
I'm wondering what effect Chinese buyers are having on Vancouver Island. There are rumours and the odd media story about them buying in Victoria and Nanaimo.

My sister is moving back from Edmonton to Victoria and put an offer on this house below. Has a suite but just 3 bed 2 bath total so you are living in a 2 bedroom. All buyers were getting inspections done prior to making an offer.

The sellers were not viewing offers until Sunday. There were 13 offers and it was sold way over asking. Very hot market in Victoria. Partly driven by buyers not wanting to deal with the commute from Langford.

1879 Townley St MLS®-357571 for Sale | RE/MAX
A bit surprised to see that Chinese buyers are dipping into RE on the island as well. There is no Richmond nor major Chinese malls there. If they don't speak very much English, it makes me wonder how they are gonna survive there.

(Or, maybe they are just planning to turn Esquimalt into the next Aberdeen Center? )
Traum is online now   Reply With Quote
This post thanked by:
Old 11-02-2015, 12:26 PM   #4164
Willing to sell body for a few minutes on RS
 
Great68's Avatar
 
Join Date: Mar 2002
Location: Victoria
Posts: 10,363
Thanked 4,717 Times in 1,730 Posts
Quote:
Originally Posted by TouringTeg View Post
I'm wondering what effect Chinese buyers are having on Vancouver Island. There are rumours and the odd media story about them buying in Victoria and Nanaimo.

My sister is moving back from Edmonton to Victoria and put an offer on this house below. Has a suite but just 3 bed 2 bath total so you are living in a 2 bedroom. All buyers were getting inspections done prior to making an offer.

The sellers were not viewing offers until Sunday. There were 13 offers and it was sold way over asking. Very hot market in Victoria. Partly driven by buyers not wanting to deal with the commute from Langford.

1879 Townley St MLS®-357571 for Sale | RE/MAX
Greater Victoria seemed to hit a bit of a flat spot around 2012-2014 but seems like it's trickling up again, but I don't know if it's "hot" again.

That house your sister put an offer on is in a very desirable area, it's practically Oak Bay, barely a kilometer from the beach, of course it's going to have a massive premium over something a km or two northwest in Saanich.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4

A vehicle for all occasions
Great68 is offline   Reply With Quote
Old 11-02-2015, 12:35 PM   #4165
Willing to sell body for a few minutes on RS
 
Great68's Avatar
 
Join Date: Mar 2002
Location: Victoria
Posts: 10,363
Thanked 4,717 Times in 1,730 Posts
Quote:
Originally Posted by Traum View Post
A bit surprised to see that Chinese buyers are dipping into RE on the island as well.
They've been here for a while. I know specifically of a few beach drive teardowns - replaced with big mansions projects, owned by non-resident Chinese.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4

A vehicle for all occasions
Great68 is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 12:38 PM   #4166
RS has made me the bitter person i am today!
 
Join Date: Apr 2001
Posts: 4,957
Thanked 2,438 Times in 1,120 Posts
Victoria is the most British city in North America. Professionals who grew up in Point Grey and Kits who don't want to move to a bohemian neighbourhood such as Strathcona or the Drive would probably find Victoria quite appealing. Perhaps they owned a condo and are cashing out to buy detached on the island? If you're a lawyer in Van, you can be a lawyer on the island.

I could even see myself living on the island. Better climate, slower pace of life, but close enough to Vancouver if you want the big city experience for a few days or need to fly internationally. Plus there's a decent selection of old Bimmers on the island that are always up for sale.
Tapioca is offline   Reply With Quote
Old 11-02-2015, 01:19 PM   #4167
Willing to sell body for a few minutes on RS
 
Great68's Avatar
 
Join Date: Mar 2002
Location: Victoria
Posts: 10,363
Thanked 4,717 Times in 1,730 Posts
It's kind of funny, because I have met SO many former Brits, Ontarians and Albertans that have moved here, but I can count on one hand the number of people I've met who have made the move from Vancouver to Victoria.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4

A vehicle for all occasions
Great68 is offline   Reply With Quote
Old 11-02-2015, 01:54 PM   #4168
My homepage has been set to RS
 
Join Date: Mar 2011
Location: Vancouver
Posts: 2,478
Thanked 2,152 Times in 953 Posts
Quote:
Originally Posted by Great68 View Post
It's kind of funny, because I have met SO many former Brits, Ontarians and Albertans that have moved here, but I can count on one hand the number of people I've met who have made the move from Vancouver to Victoria.
I moved to Victoria from Vancouver about 6 years ago for work and loved it there. Nicer weather, nicer people, lower cost of living, great roads within 10 mins from my house. Only moved back b/c my wife lives in Vancouver and we knew we wanted to be near our retired parents.

Between the pay cut to come home and the change in cost of living I basically cut my standard of living in half.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
supafamous is online now   Reply With Quote
Old 11-02-2015, 04:34 PM   #4169
GS8
I *heart* Revscene.net very Muchie
 
GS8's Avatar
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 3,509
Thanked 7,208 Times in 1,958 Posts
EDIT: I see it was already posted above but more articles being posted

Here's more on the study and Robertson on the defense


Gregor says has nothing to do with race.

Vancouver Mayor Gregor Robertson says sky-high real-estate prices "not a race issue" | Georgia Straight Vancouver's News & Entertainment Weekly

Here is a link to a PowerPoint of the report findings

Ownership Patterns of Single Family Homes Sales on the West Side Neig?

National Post covered this report as well

In a six-month period, 70% of detached homes sold in Vancouver?s west side went to Mainland China buyers | National Post


----

I don't mind risking a criminal record if it meant dropkicking Robertson right into a Smithrite bin
__________________
Quote:
Originally Posted by GS8 View Post
When I think about ewe, I touch myself

Last edited by GS8; 11-02-2015 at 04:41 PM.
GS8 is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 05:48 PM   #4170
WOAH! i think Vtec just kicked in!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 1,687
Thanked 731 Times in 294 Posts
^ I don't know how Clark and Robertson can even defend this? Like why make it a race thing at all? It's easy, we have the data, let's put some sort of restrictions or tax on it.

The city still gets the investment money / property tax revenue and the developers still get to build new homes/condos. The local citizens will benefit from tax revenues and city services that will hopefully be used to upgrade roads/infrastructure or community services.

Only losers really are foreign buyers who will have to pay a bit more in terms of taxes - but whats a a bit more when you are already shelling out $2-4 million dollars? It hasn't deterred them in other jurisdictions around the world.
iEatClams is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 05:50 PM   #4171
RS Veteran
 
TouringTeg's Avatar
 
Join Date: Nov 2001
Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
Just spoke to our realtor who said it was listed at $639,900 and sold for $751,000 no subjects.
TouringTeg is offline   Reply With Quote
This post thanked by:
Old 11-02-2015, 05:51 PM   #4172
I Will not Admit my Addiction to RS
 
Gululu's Avatar
 
Join Date: Feb 2013
Location: Shaughnessy
Posts: 564
Thanked 755 Times in 209 Posts
oh my gawd the market is so damn hot right now. but so little supply. and believe me its about to pick up even more. hold on to your houses people
Gululu is offline   Reply With Quote
This post FAILED by:
Old 11-02-2015, 05:59 PM   #4173
RS Veteran
 
TouringTeg's Avatar
 
Join Date: Nov 2001
Location: An Island
Posts: 14,400
Thanked 5,024 Times in 1,083 Posts
^ Not sure if srs but there is definitely less supply in desirable neighbourhoods.
TouringTeg is offline   Reply With Quote
Old 11-02-2015, 07:05 PM   #4174
To me, there is the Internet and there is RS
 
Manic!'s Avatar
 
Join Date: Apr 2004
Location: Nanaimo
Posts: 15,947
Thanked 7,342 Times in 3,438 Posts
Quote:
Originally Posted by TouringTeg View Post
I'm wondering what effect Chinese buyers are having on Vancouver Island. There are rumours and the odd media story about them buying in Victoria and Nanaimo.

My sister is moving back from Edmonton to Victoria and put an offer on this house below. Has a suite but just 3 bed 2 bath total so you are living in a 2 bedroom. All buyers were getting inspections done prior to making an offer.

The sellers were not viewing offers until Sunday. There were 13 offers and it was sold way over asking. Very hot market in Victoria. Partly driven by buyers not wanting to deal with the commute from Langford.

1879 Townley St MLS®-357571 for Sale | RE/MAX
We are seeing more Chinese coming to Nanaimo. The last 2 gas stations that have sold were bought by Asian investors. They are also buying houses.
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Manic! is online now   Reply With Quote
Old 11-02-2015, 07:41 PM   #4175
Proud to be called a RS Regular!
 
Ford_Fanatic's Avatar
 
Join Date: Apr 2009
Location: Bumfuck, BC
Posts: 125
Thanked 137 Times in 40 Posts
I'm just wondering how this "study" differentiates between Mainland Chinese and CBCs/Hongers/Taiwanese? Or is everyone with a Chinese sounding last name just lumped into the Yellow category?
Ford_Fanatic is offline   Reply With Quote
This post thanked by:
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 10:50 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net