People seem to be putting so much blame on foreigners and forgetting that Canadians are also buying homes and participating in the bidding wars. A friend of mine who sold her apt in Vancouver (for a nice amount of money) and moving to Montreal said her mother talks of the Chinese buying up property in Montreal. I thought to myself: "You will be buying property there too." She didn't sell her apt to a foreign speculator btw.
No one seems to talk about this but one reason Vancouver is popular is because it's the only major city on the west coast of Canada (with apologies to Victoria). It's obviously the most popular choice for many Canadians who want to move west or people who want to make their first home in Canada on the west coast. Contrast this to the US, specifically California, which has many nice West Coast cities.
No one seems to talk about this but one reason Vancouver is popular is because it's the only major city on the west coast of Canada (with apologies to Victoria). It's obviously the most popular choice for many Canadians who want to move west or people who want to make their first home in Canada on the west coast. Contrast this to the US, specifically California, which has many nice West Coast cities.