Vancouver has the most expensive real estate in Canada. It is also one of the most expensive cities in the world. After reading this Vancouver Sun, it is evident that there is a correlation between off-shore investing and rising house prices.The high growth Asian economies have brought a lot of wealth to Vancouver in terms of real estate investment. This surge of immigration is one of the reasons for the expensive real estate. Vancouver is a desirable place to live in due to security, the natural beauty and the diverse environment. This desirability is known by the world. This surge of high income investment has made it hard for locals to keep up. There is an increasing amount of young families moving out to to Maple Ridge, Pitt Meadows, White Rock and Surrey. This trend seems to be going nowhere as Vancouver continues to be desirable, and thus real estate prices will keep rising.
http://blogs.vancouversun.com/2014/06/27/why-vancouver-housing-is-unaffordable-and-what-to-do-about-it/?__federated=1