The economics of Vancouver real estate is more complicated than that. Don't let the press fool you. And reporters aren't all doing independent research they are often using the same source or using each other. For instance, Global news is using research from a Postmedia reporter. And all Postmedia newspapers are reprinting or relying on that one reporter's research. Also, when you look at the German report on money-laundering effects on RE there is a lot of guessing but the press reports it as fact. Sigh.
What also irks me is this Postmedia reporter also wrote about a middle-eastern money-laundering ring operating in Canada (for Hezbollah) but there was hardly any (if any) coverage of it on Global News (tv). Usually there is this cross-publishing between Global News and Postmedia. It just wasn't sexy enough for television. Probably because it didn't fit the narrative of Chinese Gangs ruining Vancouver RE through money-laundering.