• Mon
  • Sep 1, 2014
  • Updated: 10:20pm

Vancouver

Rich foreign investors drive up home prices in Vancouver, locking out locals

Vancouver has become such a popular destination for overseas investment that locals can scarcely afford the price of an average house in the city. And because many of the new flats in some areas are purchased by investors who then leave them empty, local businesses are having a hard time surviving.

Wednesday, 12 June, 2013, 4:07am 1 comment

Housing is becoming less affordable in Vancouver and Toronto, bank says

The costs of owning a detached bungalow in Vancouver take up 82.3 per cent of a typical household's income, up 0.1 percentage points from the previous quarter.

29 May 2013 - 3:21am

Vancouver eyes 'micro-suites' as Chinese buy up mansions

Vancouver's property scene, fuelled by Chinese migration and investment, has long been famous for the luxury homes that fetch eight-figure sums and help make it Canada's most expensive real-estate market.

26 Apr 2013 - 4:04pm 1 comment

In West Vancouver, a 13,000 sq ft mansion aimed at Chinese buyers

At the opposite end of the Vancouver market to the 297 square foot Balance "micro-suites" is a 12,998 sq ft mansion in Caulfeild, West Vancouver, with an asking price of C$23.8 million (HK$180 million). While Canada's tiniest flats are mainly being marketed to local first-home buyers and lower income earners, the Caulfeild estate is aimed squarely at Chinese buyers. Vancouver's most expensive listing features a two-storey library and a huge wine cellar built around the stone outcrops on which the home is built.

26 Apr 2013 - 11:38pm

Canada froze immigration schemes in face of criticism

Official forecasts about Chinese migration reshaping Vancouver are premised upon conditions remaining similar over the next two decades, but already changes are looming.

14 Apr 2013 - 7:46am

How mainland Chinese immigrants are transforming Vancouver

A wave of wealthy immigrants from mainland China is transforming Vancouver in Canada, but the influx has seen property prices soar and most are reluctant to give up Chinese citizenship.

14 Apr 2013 - 7:46am 3 comments

Vancouver's Chinatown has seen good times and bad

Vancouver's Chinatown has latterly been associated with crime and homelessness, but it has a history as one of the largest and most vibrant Chinatowns in North America.

8 Apr 2013 - 4:07pm

Fears rise in Vancouver's Chinatown as trendy businesses move in

A new wave of immigration is raising tensions in Vancouver's historic Chinatown, with some fearing that the influx will overwhelm the district's low-income residents.

8 Apr 2013 - 7:24am

Chinese numbers in Vancouver, Toronto to double by 2031

The Chinese populations of Vancouver and Toronto are set to double by 2031, helping push whites below 50 per cent of the population in both cities, says a report for Canada's immigration department.

9 Apr 2013 - 2:00pm

A taste of Hong Kong amid language row in Canada

Richmond's Aberdeen Centre touts itself as western Canada's "first truly Asian shopping experience", but that does not capture the extent to which it uncannily replicates a middle-class Hong Kong shopping mall.

21 Mar 2013 - 11:06am

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