Hardly anyone believe only 5% of real estate buyers are foreigners
Preliminary data collected by the B.C. government suggests only 5% of the recent buyers (last 20 days to be exact) are foreigners.
Guess what, hardly anyone believe that is the case, many commented the 5% as flawed, misleading, obfuscatory, laughably incomplete and useless … downright false!
Read the comments at CBC.ca for an idea …
“This survey is completely flawed simply because “In Richmond, foreign nationals made up 14 per cent of all buyers” is not true. 90% are foreign buyers in Richmond. Just go and check it. After it, nothing to discuss here.” – Vlad Vladidze
In Richmond for example, foreign nationals made up 14 per cent of all buyers, spending $61 million out of the $371 million worth of purchases. In Burnaby foreign nationals accounted for 11 per cent of all purchases.
Pete McMartin of Vancouver Sun believe the critics are just pathetic racist minions …
Is racism part of the housing issue? Of course it is
This is echoed by,
Also HuffPost thinks the end is nigh (or it’s game over) for Vancouver real estate …
Vancouver Home Sales Fall 8%, But Prices Keep Rising
And as usual,
Not only Vancouver is the most controversial real market in Turtle Island (North America), and quite possibly in the whole wide world. It looks like Vancouver is also the biggest battleground for politics as a result of the ongoing real estate controversy. Which entails messy stuffs things like racism, homelessness … You name it, Vancouver got it all.