The Canadian Housing Boom Fueled by China’s Billionaires

Re:The Canadian Housing Boom Fueled by China’s Billionaires by geoka9 on Wednesday August 03, 2016 @12:09PM (#12218998)

> The city is getting stuffed by each passing day with rich kids. What are you waiting for?

My impression is that many of those buyers don't even set foot in Vancouver. It's just an investment for them.

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Re:The Canadian Housing Boom Fueled by China’s Billionaires by alsocasey on Wednesday August 03, 2016 @01:29PM (#12219776)

I think this is true, but it's also the case that businesses that cater to the very rich are doing very well. My wife works for a luxury retailer who's Vancouver location is seemingly supporting the entire company with it's sales. Revenue has basically tripled over the past 4-5 years.

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Re:The Canadian Housing Boom Fueled by China’s Billionaires by geoka9 on Wednesday August 03, 2016 @02:11PM (#12220138)

So this is why they tore down all those grocery stores in Park Royal and built high end clothing stores instead.

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