Why in Vancouver’s wealthy neighborhoods — where houses cost over $2 million — over 30 percent of residents claim poverty Mansion owners in Vancouver are claiming poverty at the same levels as those suffered by the city’s homeless struggling in the Downtown Eastside. A recent study by University of B.C. geographer Dan Hiebert has revealed … Read more
https://www.youtube.com/watch?v=TAry-BO-k8c Canada’s Liberal government has announced plans to increase immigration levels to 300,000 per year, a 40,000 increase to the target level. The number of immigrants accepted in 2016 was unusually high due to the government’s taking in of thousands of Syrian refugees. The number including the refugees turned out to be 300,000, and Refugees and Citizenship … Read more
In the second quarter of 2016, all of the apartment buildings with a value of $1 million CAD or more sold “off market,” according to Colliers International, as reported by SCMP. “Off market” sales are when buyers approach property owners with cash offers, even though the owners aren’t selling at the moment. Prices have shot … Read more
According to local real estate agents for Royal LePage, property values have doubled in less than a year in some parts of Vancouver due to foreign real estate investment. “The luxury market has been driven purely on the demand from investors and the appeal is the perfect storm of geographical appeal,” stated Jason Soprovich, who … Read more
The requirements people must meet before they can become Canadian citizens, such as English or French proficiency, are to be reduced, according to the Canadian government, in order to make it easier for foreigners to obtain citizenship. Immigration Minister John McCallum said Thursday that the government intended to make changes to the Citizenship Act of Canada: … Read more
Announced in the B.C. Budget Speech Tuesday, data about real estate buyer nationality will again be collected in the province due to widespread concern about the effects of foreign investment. Such data was collected in the past, but was stopped in 1998. Since that time, house prices have skyrocketed in B.C., particularly in areas in and … Read more
In an effort to deal with “house prices that have been elevated,” the Canadian federal government raised down payments on houses over $500,000. Analysts have questioned whether the new policy will have any meaningful effect on the market at all, while many Canadians say the change only makes it harder for new Canadian home buyers, and … Read more
Due to the pressure of Canadians who have complained about Richmond’s predominantly-Chinese signs, the city has signed a contract for some signs — those at bus stops — to be predominantly English. “We’ve had the ongoing issue in Richmond about signs on businesses being in Chinese only or predominantly in Chinese, and there’s great concerns … Read more
Canada, the nation with the highest per capita immigration intake per year — adding 1 million immigrants every four years to her now-35 million population, is suffering because of an abnormal and unnecessary mass immigration policy, according to the immigration-focused group Immigration Watch Canada. “Since 1991, Canada has had a mass immigration policy,” Dan Murray … Read more