The Globe and Mail Published February 26, 2021
DARRYL DYCK/The Globe and Mail
Metro Vancouver housing builders and the real estate industry are bracing for a big surge of immigrants to wash into the region once travel is allowed again, with some possible extra pushes coming from Hong Kong, India, the Philippines and even Indonesia.
That new wave is likely to include a significant proportion of relatively well-off, middle-class people with assets to bring to Canada that will give them home-buying power when they get here.
“A lot of would-be immigrants are preplanning,” said Vishey Singh, a realtor with Team 3000 who sells primarily in the southern suburbs of Surrey, Delta and Langley, where house prices have been shooting up in recent months.