Quote:
Originally Posted by iEatClams
Also you guys should really go to developers websites. All of them have Chinese characters and translation. Or check out new subdivisions, showhomes or pre sale towers. Its basically an Asian smorgasbord.
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this is where racism comes into it, and Vancouver has a real xenophobia issue - most large cities in Canada have a monster chinese language community, i.e. richmond and huge parts of Vancouver/Burnaby. These are Canaidan residents and citizens. Why else would bus advertising in Richmond be in Chinese? bc companies want to make it easy as heck to sell, and if that means pandering to the buyers (i.e. Canadian-chinese residents), so be it.
i'm not saying there aren't foreign investors, there are, there are in every desireable city, but this is yet another anecdote, it is not proof of anything. equating chinese language websites with 'all buyers are chinese' is a stretch.
and the main result of all of this, no matter what the truth is, is that renting in vancouver isn't that expensive - if you're priced out of a good neighbourhood in Vancouver, what would you rather do, buy a place in surrey and commute 2 hrs each way, or rent in the 'hood of your desire. this is totally an individual choice, but to me, i'd rather enjoy my life than worry about me not owning real estate... there are other assets (that i think are better) to invest in, so rent and invest the saved money between owning and renting.
life is simple when you want it to be