[alexanderthe-]

You could call it hostility to Asian capital, but it shouldn't be confused with hostility to Asian people. Some Western governments have done a pretty poor job of preventing their real estate stock from being exploited by foreign investors. Rising real estate prices due to capital flight goes hand in hand with rising property tax revenue available to local government, so it's not necessarily a problem they were in a rush to solve...

[t1o5]

Thanks to Québec's "money for citizenship scheme" called QIIP which has a part in this BC housing bubble.

[vibrolax]

The Canadian federal government ended its similar program in 2014. According to an unsourced report in https://www.immigration.ca/how-ottawa-halt-thousands-quebec-..., 50k of the 60k residents admitted under QIIP have moved to Vancouver or Toronto.

[t1o5]

Because Québec has full autonomy in cherry picking its immigrants, the QIIP money for citizenship scheme is alive and kicking. The federal govt. cannot do anything to stop this according to the Canada Québec Accord.

https://www.immigration-quebec.gouv.qc.ca/en/immigrate-settl...