Very much so and it probably stings even more for that have-not group, that its people from what they perceive to be of "third world origin". There's just no helping such people, instead of seeking ways to better themselves, they choose to live in a state of angst and anger and expect the government to somehow fix it.
Again you don't live here and you don't fall in the category so you won't understand how sensitive this issue is here.
how?
That competition is driving the anxiety, and the anxiety is driving the reaction. Wealthy foreign buyers are the easiest target. Wealthy Asian businesspeople have been stashing their money in Canada for a long time, so it's not surprising they've been targeted for as long as you claim. It may be xenophobic, but inherent xenophobia isn't what is driving the behavior, it's a reaction to the class and land use issues, and it gets more intense as the divide grows more obvious.
I’m not from Vancouver, so their xenophobia doesn’t apply to me. Vancouverites burned down their own city after losing the Stanley Cup Finals - I’m definitely not here to defend their character. You can stop going to that well, I only see this as land use issue.