Vancouver's Current Real Estate Boom

Vancouver's recent real estate boom (its home prices run neck-in-neck with Toronto's) was fueled substantially (though not exclusively) by the influx of Asian immigrants. Those from Vietnam left their homeland in the 70s after the communist victory after the war in Vietnam. The Japanese continue to move to Vancouver because the cost of living is so much lower here than in Japan. Those from Hong Kong have moved here in anticipation of China taking over the British colony in 1997. The recent "Asian Flu" has reduced Asian economic prosperity, reducing its ability to import BC's resources for its manufacturing, reducing the income levels of those to regularly visit British Columbia, and finally their ability to emigrate to BC.

Click below for more Vancouver History:
Vancouver General History
Vancouver's Early History
Vancouver's First Settlers
Vancouver History 18th to 19th Century
Vancouver History Turn of the 20th Century
Vancouver History WWI to 1920's
Vancouver History in the 1920's
Vancouver History WWII
Vancouver After WWII to 1990's
Vancouver at the End of 20th Century
Vancouver's Current Real Estate Boom