| fig. |
prices soared (Gordon and Williams found in 2016 that Vancouver-area values suddenly jumped to 3.1 times higher than other major Canadian cities. That occurred at the same time money started pouring out of China. Metro Vancouver’s prices soared at the same time hundreds of billions of dollars were being moved out of China. They tempered when the foreign-buyers tax was put in place. There were many reasons an estimated $1 trillion US left China so rapidly, headed especially for real estate in Canada, Australia, the U.S. and Great Britain. (vancouversun.com) ART Vancouver) |
