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Jackie Northam. The Granville Street Bridge leads to downtown Vancouver, whose skyline of gleaming apartment towers hugging the waterfront is reminiscent of Hong Kong. When you cross over the Granville Street Bridge that winds into downtown Vancouver, you’d be forgiven for thinking you’re in Hong Kong. The skyline has the same ribbon of gleaming apartment towers hugging the waterfront, and similar mountains in the distance.

There is also an unabashed display of wealth, readily apparent in the city’s Kitsilano neighborhood. Within a few short blocks, you can find dealerships for some of the world’s most expensive cars: Lamborghini, Ferrari, Rolls-Royce and Aston Martin, among others. At the front of the McLaren showroom are four sleek, high-performance sports cars, known as supercars. That’s for one of the cheaper models in this showroom. Ng says there’s a big market in Vancouver. Most customers are foreign.

Ng says the supercar market in Vancouver started to really take off aroundwhen China’s economy was red-hot. Wealthy Asian immigrants and investors also started buying up businesses and property in the city. The result has been a real estate market now out of reach for many residents, something that is straining the city’s reputation for welcoming newcomers. Marianne Wu first came from China to Vancouver as a student seven years ago and now works in marketing and translating. The year-old says she loves the city, just received her permanent residency card and bought a two-bedroom condo downtown.

Owning property is deeply asizn in Chinese culture, she says, but the government in Beijing doesn’t allow people to own the land their homes are built on. Wu says her family back in China helped her buy a home in Vancouver. Vancouver has long been a magnet for immigrants from all over the world.

What is the asian population of vancouver – what is the asian population of vancouver is one of Canada’s most diverse cities and prides itself on its multiculturalism.

Immigrants began arriving from China in the late s, when laborers came to help build the trans-Canada railway. Shortly after its completion, Canada began cracking down on Chinese immigrants, and banned most of them in the early popularion. Half a century later, those policies populatikn and Canada began encouraging Chinese professionals and entrepreneurs to come. Don’t see the graphic above? Click here. There are Chinese names on all of the institutions of arts and culture,” he says.

Yu says there was a surge of Chinese immigrants and investment in the Vancouver region in the s, when there was concern over what would happen inthe year Britain handed sovereignty of Hong Kong back to China. A piano showroom at Aberdeen Centre, a shopping mall in Richmond, a Vancouver suburb. More than half of Richmond’s population is Chinese. Over the past decade, money from mainland China has been flooding into Asia, says Andy Yan, an urban studies adjunct professor at Simon Fraser University in Vancouver.

Wealthy people in mainland China are worried about the future, he says, and Vancouver is seen as a good place to park money, often anonymously. But inCanadian authorities uncovered a massive money laundering operation that has raised concerns about that flow of money from China. The epicenter of the illegal operation was the River Rock Casino in the Vancouver suburb of Richmondwhere more than half the population is Chinese.

River Rock Casino is an enormous resort with restaurants, a hotel and big-name entertainment. Peter German, a former deputy commissioner of the Royal Canadian Mounted Police, was commissioned by British Columbia’s attorney general to look into money laundering at Red Rock and other casinos. Casinos have “produced a lot of revenue for the provincial government,” German tells NPR.

German found an underground banking system was used to help wealthy Asixn individuals funnel money from China to Vancouver. It would transit through the casinos.

In some cases, people were carrying up to half-a-million Canadian dollars at a time. Those bills would be turned into gambling chips that could be cashed out afterward. Подробнее на этой странице of the laundered money flowed into the illegal drug trade, some into luxury cars. Yan says what is the asian population of vancouver – what is the asian population of vancouver more than a decade, wealthy Chinese buyers have been on a spending spree, scooping up houses, condos and apartment blocks throughout the greater Vancouver area.

This has driven up prices and added to a run on the city’s housing stock. Vancouver’s real estate prices are the third-highest throughout the U. He says those two areas what is the asian population of vancouver – what is the asian population of vancouver the top spots in vancokver of income, but Vancouver falls well behind — it’s No.

Such reports have led to a growing resentment among Vancouver residents like Brittany Davis, vancoouver feel priced out of the market. Davis and her husband recently moved back to Vancouver after living in the U. They are struggling with popluation high housing prices, she explained while walking her collie, Bella, on the city’s popular Granville Island. They can barely afford to rent their apartment.

Brittany Davis and her husband recently moved back to Vancouver after living in the U. Canada’s federal and provincial governments recently tried to stabilize the Vancouver area’s real estate market by adding new taxes, including a vacancy tax, for foreign buyers. That smacks of racism to Kevin Huang, founder of the Hua Foundation, a nonprofit community development organization. He says undoubtedly some wealthy ethnic Chinese people see Vancouver as only an investment. British Columbia Attorney General David Eby tells NPR it’s difficult to discuss raising taxes for foreigners because it can “quickly transition into talk of discrimination, talk of racism.

They can earn money anywhere in the world and buy property populayion. And we need to take steps to make sure that people who are working and living here are at least on a level playing populatlon with people who vacouver earning money somewhere else and bring it in.

That strategy may be having an effect. Chinese investment in commercial property in Vancouver dropped by about a third in over the previous two years, according to the commercial real estate firm CBRE Ltd. In a previous Web version of this story, Granville Island was incorrectly referred to as Vancouver Island.

Accessibility links Skip to main content Keyboard shortcuts for audio player. NPR Shop. Vancouver Has Been Transformed By Chinese Immigrants Chinese immigrants and investors have bought businesses and property, made philanthropic contributions and supported the arts. But some Vancouver residents feel is sc a place to live out of the real estate market. Facebook Twitter Flipboard Email.

June 5, PM ET. Heard on All Things Considered. Enlarge this image.

Vancouver’s Asian population more than double Seattle’s | Vancouver Sun.

 
Metro VancouverEdit ; North American Indian, 52,, % ; American, 32,, % ; Canadian, ,, % ; Newfoundlander, , 0%. Ethnicity and Visible Minorities ; Chinese, ; Black, ; Filipino, ; Latin American, Half a century later, those policies changed and Canada began encouraging Chinese professionals and entrepreneurs to come. About 20% of.