Chinese Canadian History
Vancouver, Toronto Real Estate Markets in a Bubble Due to Chinese Buyers – Wall Street Journal
Wall Street Journal Comments on Over Inflated Vancouver and Toronto Real Estate Markets – Points to Demand From Mainland China.
An article this morning in the Wall Street Journal highlights the dichotomy between the languishing US housing market and the firing hot markets of large metropolitan areas in Canada. The extended housing boom in this country has driven consumer debt levels to record highs spurred on by continuing low interest rates and strong demand both locally but most notably from mainland China.
Canada’s central bank has issued a string of warnings regarding high debt levels in Canada and has tightened up mortgage lending rules a second time in as many years. Although the second round of mortgage rule tightening may be more token than fiscally prudent, the rate of debt level growth is of real concern when compared to the same growth line of real incomes. A good friend of mine makes his living in the stock market and uses ‘technical analysis’ (charting) to predict future stock movement based on previous trading behaviour. He believes that Vancouver is overdue for a correction and it’s hard to argue otherwise when looking at his prediction tool of choice.
Whether you use charts, tea leaves or a crystal ball it’s plain to see that many housing market across Canada are at all time highs. David Madani, economist at Capital Economics Research Group in London predicts Canadian house prices could be in for a correction to the tune of 25% over the next three years. He points to the over-inflated ratio of house prices to income. According to Madani “house prices have risen to almost 5.5 times disposable income per worker, well above the historical average of 3.5%”. I always find it refreshing to get an international perspective on Canada’ s housing market as most Canadian economist remain bullish.
There is no doubt that Canada has weathered the recession well. While it may be easy to argue against a US style meltdown happening here, the real test will be how well Canadian households service their debt loads when interest rates increase and housing prices level off or drop. It’s not if, it’s when.
I am always concerned when I hear people say things like “We just wanted to do whatever we had to to get into the market” and, living in Vancouver I hear it a lot. Maybe they’re right – they certainly have been for the last 10 years in this city barring the brief blip on the radar screen in 2008 that represented the ‘great recession”, only the second most severe economic crisis in human history.
About the Author
I am a Vancouver realtor and mortgage broker who has been in the real estate industry for 12 years. My formal education includes a Bachelor’s of Commerce from the University of Natal and a diploma in Urban Land Economics from UBC
I enjoy many outdoor pursuits such as fishing, surfing, kayaking, windsurfing and camping.
Vancouver is a great place to live!
Chinese History in British Columbia Canada
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Chinese style gate in Chinatown, Vancouver, British Columbia, Canada, North Canvas Prints Chinese style gate in Chinatown, Vancouver, British Columbia, Canada, North America…. |
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Christmas Dinner in a Canadian Log Cabin, c.1906 Canvas Prints Illustration showing Chinese waiters bringing the Christmas dinner, suckling-pig, into a dining room full of Canadian frontiersmen, c.1906….. |
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Chinese style gate in Chinatown, Vancouver, British Columbia, Canada, North Framed Prints Chinese style gate in Chinatown, Vancouver, British Columbia, Canada, North America…. |
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Red Cliff International Version – Part I & Part II [Blu-ray] $16.99 Studio: Magnolia Pict Hm Ent Release Date: 03/23/2010 Run time: 288 minutes Rating: R… |
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Redress Remix (Cantonese – TV Version) $25.00 Redress Remix is a unique project comprised of a 3 part documentary series and interactive living documentary.Redress Remix tackles one of the most controversial Canadian government decisions of our time: the official 2006 apology to the Chinese Canadian community for the Head Tax and Exclusion Act of 1923.The documentary film uses a unique approach that includes animation techniques, newly compos… |
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Redress Remix (English – TV Version) $25.00 Redress Remix is a unique project comprised of a 3 part documentary series and interactive living documentary.Redress Remix tackles one of the most controversial Canadian government decisions of our time: the official 2006 apology to the Chinese Canadian community for the Head Tax and Exclusion Act of 1923.The documentary film uses a unique approach that includes animation techniques, newly compos… |
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Timber Sale: A B.C. History About Alexander Duncan McRae, Maillardville, The Comox Valley and the Canadian Western Lumber Co. $6.00 It is 1907 in the city of Vancouver and its outskirts in the former English colony of British Columbia. Forces are at work that will change the city from an outpost of civilization to one of the leading cities in the world.Wealthy entrepreneur Alexander Duncan McRae will utilize his considerable managerial talents, build the largest saw mill in the British Empire and in the process change the natu… |
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Red China Blues: My Long March From Mao to Now $7.49 Paperback China Memoir… |
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The Concubine’s Children $6.15 Chong tells the story of her grandmother, brought from China as a young concubine by a sojourner to the New World, of the man’s wife and children left behind, and of the author’s incredible discovery of those children six decades later. “Beautiful, haunting, and wise.”–New York Times Book Review. Photos…. |
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The Unfinished Canadian $15.99 The award-winning, bestselling author of While Canada Slept gives his view of a country wasted on Canadians. What is national character? What makes the Americans, the British, the French, the Russians, and the Chinese who they are? In this homogenized world, where globalization is a byword for a deadening sameness, why do peoples who live in the same region, use the same money, read the same books, and watch the same movies remain different from one another? As much as Canada may be seen as a copy, clone, or colony of America, we are unquestionably distinctive. It is a result of our geography, history, and politics. It comes from our demography and prosperity. Most of all, it comes from our character. In The Unfinished Canadian , Andrew Cohen delves into our past and present in search of our defining national characteristics. He questions hoary shibboleths, soothing mythologies, and old saws with irreverence, humour, and flintiness, unencumbered by our proverbial politeness (itself a great misperception) and our suffocating political correctness. We are so much, in so many shades, and it’s time we took an honest look at ourselves. In this provocative, passionate, and elegant book, Cohen argues that our mythology, our jealousy, our complacency, our apathy, our amnesia, and our moderation are all part of the unbearable lightness of being Canadian. From the Hardcover edition. |
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A Social History of the Chinese Book $58 A Social History of the Chinese Book |
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Show No Fear: Daring Actions in Canadian Military History $28.48 Show No Fear is a collection of essays that captures the richness of Canadian military history. Although Canadians see their nation as a peaceable kingdom and themselves as an unmilitary people, the truth is that Canada has a proud military heritage. Moreover, the nation x2019;s citizens and their descendants share a legacy of courage, tenacity, and warfighting prowess. This volume of daring actions showcases the country’s rich and distinct national military experience while capturing the indomitable spirit of the Canadian soldier. Actions studied include military bravery in the Seven Years x2019; War, the British attacks on Fort Mackinac and Fort Detroit in the War of 1812, the Lake Erie expeditions during the American Civil War, courage displayed at Paardeberg in the Boer War, trench raiding in the First World War, bold valour in the ill-fated Dieppe Raid in the Second World War, toe-to-toe fighting with the Chinese in the Korean War, and present-day heroics in Afghanistan. |
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History of Immigration to Canada, Including: History of Chinese Immigration to Canada, Dominion Lands ACT, Canadian Citizenship AC $17.98 Hephaestus Books represents a new publishing paradigm, allowing disparate content sources to be curated into cohesive, relevant, and informative books. To date, this content has been curated from Wikipedia articles and images under Creative Commons licensing, although as Hephaestus Books continues to increase in scope and dimension, more licensed and public domain content is being added. We believe books such as this represent a new and exciting lexicon in the sharing of human knowledge. This particular book is a collaboration focused on History of immigration to Canada.More info: The history of immigration to Canada extends back thousands of years. Anthropologists continue to argue over various possible models of migration to modern day Canada, as well as their pre-contact populations. The Inuit are believed to have arrived entirely separately from other indigenous peoples around 1200 CE. Indigenous peoples contributed significantly to the culture and economy of the early European colonies and as such have played an important role in fostering a unique Canadian cultural identity. |
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Canadian History $10.98 SERIES INFORMATIONGet all you need to know with Super Reviews. Each Super Review’s in-depth, student-friendly topic review is specifically designed to help students grasp subject fundamentals clearly and quickly. The books also include pertinent examples, chapter quizzes for self-diagnostics, and a readable organizational format for smart study. SUMMARY OF THIS TITLEThe Canadian History Super Review covers Canada’s history from pre-colonization to the present day. Take the specially crafted Super Review quizzes to see how much you’ve learned and where you need to concentrate more study. This handy book makes an excellent study aid for self-study, as well as an ideal textbook companion. DETAILS – From cover to cover, each concise topic review is easy to follow and easy to grasp — perfect when preparing for homework, quizzes, and exams. – Review questions after each topic highlight and reinforce key areas and concepts – Student-friendly language is easy to read and comprehend – Includes examples and Q&A that test your understanding of all elements of the subject and help you improve and retain the information you need. Real review, Real practice, Real results. |
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History of Canadian Economic Thought $190 With full accounts of the work of major Canadian economists including John Rae, H.A. Innis and Harry Johnson, A History of Canadian Economic Thought is the first definitive treatment of the subject for 30 years. |
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The Unfinished Canadian: The People We Are $11.59 The award-winning, bestselling author of While Canada Slept gives his view of a country wasted on Canadians. What is national character? What makes the Americans, the British, the French, the Russians, and the Chinese who they are? In this homogenized world, where globalization is a byword for a deadening sameness, why do peoples who live in the same region, use the same money, read the same books, and watch the same movies remain different from one another? As much as Canada may be seen as a copy, clone, or colony of America, we are unquestionably distinctive. It is a result of our geography, history, and politics. It comes from our demography and prosperity. Most of all, it comes from our character. In The Unfinished Canadian , Andrew Cohen delves into our past and present in search of our defining national characteristics. He questions hoary shibboleths, soothing mythologies, and old saws with irreverence, humour, and flintiness, unencumbered by our proverbial politeness (itself a great misperception) and our suffocating political correctness. We are so much, in so many shades, and it’s time we took an honest look at ourselves. In this provocative, passionate, and elegant book, Cohen argues that our mythology, our jealousy, our complacency, our apathy, our amnesia, and our moderation are all part of the unbearable lightness of being Canadian. From the Hardcover edition. |
