The Filmmaker – Millionaire City – A Documentary Film
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Incarceration FAQ – RIKERS – A Documentary Film
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Revolution

"According to the Bank of Canada, 12 billion dollars was spent on Real Estate Vancouver last year. 33% of that 12 billion dollars was from foreign nationals from China. So that means about 4 billion dollars used to buy homes in Vancouver. The average price of a single detached home in Vancouver is about 1.4 million. If you put it all together, 2, 800 homes in Vancouver were bought by foreign nationals from China. That’s been going on for the last 5 years. That means that we have about 33% of the homes in Vancouver that were bought by foreign nationals from China. So 1/3 of all the existing single homes in Vancouver potentially could be foreign bought.”


CHRISTINE DUHAIME, Lawyer, Certified Financial Crime and Anti-Money Laundering Specialist

WHAT IS THE AVERAGE INCOME OF METRO VANCOUVER CITIZENS?

The average annual household income in Metro Vancouver is $76.000.

WHAT IS THE MOST VALUABLE HOME IN VANCOUVER PRICED AT?

The most valuable home in Vancouver is priced at $75.8 million and is located in the neighborhood of Kitsilano. The home belongs to Lululemon founder Chip Wilson and is valued at nearly $12 million over last year -2016

HOW MANY ABANDONED OR UNDERUTILIZED HOMES ARE IN VANCOUVER?

25,502 units are unoccupied or owned by temporary or foreign residents. The number of unoccupied units or ones occupied by temporary or foreign residents increased 25 per cent in Richmond between the 2011 and 2016 census and by 28 per cent in Burnaby.

WHAT IS THE AVERAGE HOUSE PRICE FOR A HOME IN VANCOUVER’S WEST SIDE?

In Vancouver’s west side a median single-family house can cost as much as C$4.9 million -- about 65 times Vancouver’s median household income.

WHAT WAS THE REASON BEHIND TAXING FOREIGN BUYERS?

The province imposed a 15 percent tax on foreign buyers after discovering more than C$1 billion ($761 million) of global cash had flowed into local properties over a five-week period.

HOW MUCH PROPERTY DID FOREIGN STUDENTS WITH NO INCOME BUY?

$57.1 million worth of residences bought by a couple of students reporting no income in his west-side district of Point Grey. A Vancouver ‘Point Grey’ mansion was sold for a record $31.1 million to a “student.” Mortgage documents attached to the land title papers show that a mortgage of $9.9 million was taken out and that the bi-weekly payments are listed as $17,079.41

HOW MANY MILLIONAIRES IMMIGRATED TO CANADA IN 2016?

An estimated 8,000 millionaires immigrated to Canada in 2016.
Source: New World Health Research Group

HOW MUCH DID THE AVERAGE PRICE OF A DETACHED HOUSE IN GREATER VANCOUVER INCREASE BY IN A FIVE-YEAR PERIOD?

The average price of a detached house in greater Vancouver more than doubled from 2005 to 2015, to about $1.6 million (Real Estate Board of Greater Vancouver)

HOW UNAFFORDABLE IS VANCOUVER?

Vancouver ranked third most unaffordable housing market in the world.

HOW MUCH FARM LAND HAS BEEN BOUGHT UP BY REAL ESTATE SPECULATORS FOR NON-FARMING PURPOSES?

Metro Vancouver now estimates fully half of its agricultural land – ostensibly protected as such – is not being farmed at all. Speculators and investors, not farmers, were behind at least 73 – almost 60 per cent – of the purchases of protected farmland.

WHAT IS THE AVERAGE MONTHLY RENTAL PRICE IN VANCOUVER?

The average rent for a one-bedroom apartment in Vancouver remains the highest in the country. Vancouverites are, on average, paying $1,900 for a one-bedroom unit. Two bedrooms in Vancouver will set you back more than $3,100 on average.