Victoria is a boring place for the newlyweds and nearly deads. Asians like Vancouver due to a significant range of professional, cultural activities.

Victoria has always had one of the most expensive housing markets for years before the flood of monies into Vancouver RE.

This is just the writer stirring up garbage.

The inventory levels of available homes in Victoria have dropped off the cliff the last several years even when foreign buyers were a negligible statistic.

Most of the run up in Victoria prices this past year has been from long term Vancouver Canadian residents cashing in Vancouver and moving to Victoria bidding up prices here.

This has a trickle down effect. With newly cash rich Victoria owners moving up island to Parksville, QB etc and driving up the values of homes there.

I wish these articles stop masquerading as news and wished the writers do more historical in depth research.