“These people (promoters of Mainland China such as Jia Wang, Deputy Director of the China Institute at the University of Alberta) are here to defend Mainland China and to portray Mainland China as a benevolent actor in the world’s affairs. She and others know that, with the collusion of business interests in the West, Mainland China has largely de-industrialized the West and has become a colonial power. She and others will do all they can to hide the truth and distort reality in order to further China’s interests.” (*).
This excellent article from Immigration Watch Canada puts the drastic impact on house prices Canadians have to pay in Vancouver and Toronto into perspective – Chinese immigrants, many of whom clearly understate their assets when arriving in Canada, are buying up properties and grossly distorting the market.
“The veteran researcher’s exclusive cross-tabulation of housing and immigration data, including between 2006 and 2011, found on average that 53 per cent of immigrants to Metro Vancouver during those five years became homeowners in that period”. And, “They bought roughly 100,000 homes in Metro Vancouver during the five years, ranging from suburban condos to ritzy mansions… New Chinese immigrants were at the top of all this. Kind of incredibly, their rate of home ownership was 73 per cent”.
Below is a link to the article, which I highly recommend reading.
Read “Suppressing house price truth = cheering destruction” here.
Vist the Immigration Watch Canada web-site here.