The main issue is that the "pop" is only good for a max of 2-3 years - the "pop" being the teardown-construction/renovation of housing stock after it's bought. The buyers of the recent years don't settle here for good; they don't invest in the city/community or start new ventures. Some neighbourhoods get hollowed out slowly as these homes sit vacant; some schools are now reporting that they don't have enough students.I am just kinda curious why you guys think its good that other people are going to other countries to settle, live or invest? I mean Vancouver is not going to be what it is now without all this people coming in. Look at the jobs they created all these years, the taxes they paid, the property developments that were created, schools, hospitals, recreational facilities, hotels that were built. Look at us 25 or 35 years ago when these were not here. We have gone a long way. Where will we be and how will we be compared to other cities of the world without this development? I read you guys loud and clear but come on.. letting Seattle be the next Vancouver? Seriously? You guys really want that? No offence, but I don't see the goodness in that. The government just needs proper control and oversight but to prevent development and investment spell disaster for us. Why do you thing our kids are starting to find it harder to find jobs now? One last question to all of you is why do you think other cities, like Seattle, Sydney, etc are taking advantage of our new immigration and investment policies by relaxing their immigration law? Almost every well known cities in the world are trying to cash in on this. Why? Just my opinion.![]()
Is this for real 1/3?About one third of the condos in Vancouver are owned by off shore owners and areVACANT! Other than the initial tax hit they don't contribute to the community or the tax base. It only pushed prices up and makes Vancouver unaffordable for most. You couldn't go buy a property in China. Why are we selling Vancouver to the highest bidder ? If someone wants to buy here, they should LIVE here. Not just be a place for rich people to park their money.
People like pulling numbers out of their ass. There are no stats indicating anything of the sort.About one third of the condos in Vancouver are owned by off shore owners and areVACANT!
I think you're right there in a way and I agree. That's why I said there should be some kind of oversight to make sure that they somehow should contribute to the community. But to shut down our doors completely is just not right. And for us Canadians to make them feel unwelcome bcoz they have more money to park is in my opinion wrong. Seattle? Seriously? They haven't even been in the list for one of the most livable cities for as far as I know. Look at the bigger picture and not just Vancouver, not just BC. Go to just even Alberta alone. There are so many new immigrants who are legitimate skill work force who decided to make Canada their new homes. Maybe I am just afraid that if you allow other cities to develop and prosper we might soon be left with a ghost town. Its like we used to have beepers, then cellphones, then smart phones. We need to move forward even if that is the name of the game.About one third of the condos in Vancouver are owned by off shore owners and areVACANT! Other than the initial tax hit they don't contribute to the community or the tax base. It only pushed prices up and makes Vancouver unaffordable for most. You couldn't go buy a property in China. Why are we selling Vancouver to the highest bidder ? If someone wants to buy here, they should LIVE here. Not just be a place for rich people to park their money.





