Quote:
Originally Posted by TwoFace
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Two things:
1) Regarding the article at the link you provided, correlation does not equal causation. A similar graph could be made by substituting CMHC issuance, or credit availability with Vancouver home prices.
2) As for the part I quoted in red, I've consulted in various industries and it's remarkable how much conventional wisdom is wrong. Often, those who "just know" have their businesses destroyed by competitors who actually spend the time and money to collect the actual data.
So, my initial question still stands. Moreover, you implied, with a relatively high degree of assurance, that the building (near the No.5 Orange) in which you own (live?) has a very high foreign-owned component. What is your evidence for this? I'm just curious as I have no idea how many foreign-owned condos there are in my building and wouldn't know where to find that information.
Thanks for your input.