Surowiecki goes on to explain that foreign investors are choosing Vancouver because of its social and political stability as a "hedge city" and its proximity to the Pacific Rim. He also mentions a safe feeling with reference to climate change.
These foreign investment and global interest serve as a benefit for current home owners, but a challenge for many buyers. The surge in housing prices in Vancouver bring both good and bad changes to our city. I am interested to see other's opinions on the matter.