I mean, yes, but who says cities have to allow Chinese investment to dominate the market rather than the people who live in these cities? Maybe that is the best political choice, but it is a political choice and we all pretend it's a neutral and inexorable natural law.
> who says cities have to allow Chinese investment to dominate the market rather than the people who live in these cities?
Vancouver's dirty little secret is that the real estate market IS the economy.
If restrictions were placed on foreign investment and this RE bubble burst, the city/region would be in for a world of hurt.
If you know what $30 oil is doing to our neighboring provinces, you would get an idea of what the future holds for Vancouver without it's "foreign investment" fix.
