The Reality of Mortgage Rates in Vancouver

Vancouver is a breathing ground for foreign capital coming in, i.e. you own a business in Hong Kong and pay 15% flat tax there. You have to already be established in the market or earn your income elsewhere to really get into some of these more expensive markets. And so what we see is like, you know, families, mom and dad bought their house 40 years ago for a couple hundred thousand bucks. It's now or four million and they stroke a check to their kid for half a million bucks for down payment. That's how they get into the market.