Should Foreign Investors be Blocked from Investing in Vancouver Real Estate?



A recent change.org petition, signed by over 20,000 people, is calling for the Premier of British Columbia to restrict foreign investment in Vancouver's super-hot real estate market. But will restricting investment really help the people who want to live in Vancouver? I tackle this tough question in this video. Original Petition: https://www.change.org/p/premier-christy-clark-mayor-gregor-robertson-mayors-and-city-councillors-of-the-gvrd-restrict-foreign-investment-in-greater-vancouver-s-residential-real-estate-market

Comments

  1. Ten years ago, a typical small apartment building or, larger private residence was around $600K USD. Today the price is anywhere from $2.9 M USD on up to $30M USD for something around 10K SQ FT, it's crazy but real !
  2. Experts predict around the top 1% of wealthy Chinese of some 1.2 billion or, 14 million are purchasing real estate in N. America. Had not visited Vancouver BC since U.S. / Canadian boarder required passport a decade ago. Was just there 2/18/17 - 2/21/17 and found the entire Vancouver BC Canada area is now owned or being purchased by the Chinese. With no exaggeration we drove for miles and miles in any direction from Downtown Vancouver and 90% of the businesses have Asian owners ! I estimate the Asian control in Vancouver at some 20 by 20 square mile area in the next decade. The City center is currently being transformed to look like some Sci-FY futuristic city straight out the movie Blade Runner with the city looking more like Hong Kong than any other N. American city. It's very sad for native Canadians and what is worse, Seattle, San Francisco, L.A. and San Diego are next on the Chinese purchase list. Good bye America, I loved you, Hello to the new World of Chinese owning everything.
  3. Do you think they are afraid that a large amount of investment may cause a bubble locally. This would hyper inflate the land value (regardless of rental cost), & be, in the end, bad. Back to your interest-rent cost evaluator. The land costs more, & at the same interest rate, costs them more, raising your rent. Is that what the thing is about?
  4. Canada loves multiculturalism. They will never stop foreign investors.
  5. this is the most ridiculous argument . Look at the ghost cities of China and tell me that these bubble pyramid schemes are good.

    making homes unavoidable and so on well fuck the jobs we want real jobs not ones building a lie and a bubble that will lead to the biggest depression ever
  6. Without any data collected on foreign investment or occupancy rates in Vancouver, we you cannot correlate your hypothesis with the facts on the ground.  All we do know is that housing prices are increasing, rents are increasing and supply is decreasing for both rentals and purchase.  Regardless of who is acquiring the supply, the demand should be driving a construction boom in the condo market.  The question is why are we unable to keep up with the demand?
  7. Investors increase supply. Hence they drive down prices. End of video.
  8. love your videos, I live in toronto and I am thinking about moving their because of the weather


Additional Information:

Visibility: 1326

Duration: 6m 8s

Rating: 31