I don't want to get into a pissing match with you syncro.
that's surprising as you're trying rather hard.
This is about Squamish housing prices and the recent big jump they have experienced.
And I'm not convinced it is from Chinese investors.
Perhaps a spillover from Vancouver. That makes a lot of sense.
I was thinking that it might have to do with more than just that.
If the area is a boon, why not more builders?
if you don't think the recent jump in squamish is in large part an effect of foreign investors (not just chinese) in greater vancouver then you are ignorant or misinformed. i'll grant you there are a number of factors at play, but when you have serious amoutns of outside cash pouring in it completely upsets the metrics of the local market. to me there is no surprise at all the market in squamish is climbing rapidly as people choose to cash out from vancovuer and move a little further away or those wanting to buy their first home in vancouver consider squamish instead of places further east like maple ridge, langley, abbotsford, etc. the recent jump may in squamish may not be foreign buyers themselves snapping up property but all the people looking to buy in vancouver who have been displaced by those foreign buyers in vancouver and the locals in squamish looking to maximize their profit. so in short yes, it is in large part the result of foregin buyers and it's not a difficult connection to make.
you can't look at squamish as an isolated case, you have to take into consideration what's happening in the entire region. hence my previous comment about the lower mainland and putting squamish in there as well. the commute to vancouver from squamish is the same in terms of time as it is from langley, maple ridge, etc. in many ways, squamish can now be considered a suburb of vancouver.
We don't know what our limits are, so to start something with the idea of being limited actually ends up limiting us.
Ellen Langer