Re:Tableau stock down almost 50%
by seanmcdirmid on Friday February 05, 2016 @01:43PM
(#11043602)
What? No, the Chinese are still heavily interested in the Vancouver market. Since when is small Victoria a proxy for big Vancouver?
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Well, it's been reported that foreign buyers are invested in a lot of the more expensive properties (> $3 million) in certain regions, but a lot of Canadians are STILL buying Vancouver properties. There's been a lot of concern over Canadians getting in over their heads with mortgages. It also doesn't help that Vancouver has crappy wages.
Well the problem is, Victoria is the only city in Canada that collects citizenship information in house sales. It's the only data we have.
Victoria isn't that far from Vancouver, but prices have gone through the roof, similar to what Vancouver has experienced.