Vancouver BC Canada housing third highest in world

[Lorin K.]

The investing by over seas Chinese is unrelenting and has been happening for a long time. Here is the latest example of a neighborhood of local residence protesting in front of a 6 thousand square feet hour house that just had $350,000 in renovations three years ago and will be town down for a larger home to be built. What often happen is the homes are purchased by Chinese investors and are either left empty, or a son is living in it going to collage. A shack of a home in Vancouver west home can go for 2.4 million dollars. 

http://www.huffingtonpost.ca/2016/01/29/point-grey...

http://www.vancouversun.com/news/protesters+rally+...

While I do believe that investing is a good thing, Chinese who buy homes and leave them empty  can destroy a business section in the area. This unrelenting buying by Chinese property buyers is also causing school enrollment to plummet as more homes are purchased only for adult students that live in these homes. Taxes are also lost do to non occupancy or non paying resident immigrants who live here on a temporary visa. 

What I am trying to figure out is where are these rich Chinese investor obtaining there funding from? The province or federal government has speculated it is from Money Laundering and then the investors dump the money in the market and let the properties sit for long periods of time.