Richmond is a good example.  The wealthy demographic paying three million dollars for a house in Richmond is almost exclusively Chinese. And since tear down older homes command almost 2 million, with the exception of developers who will ultimately sell to the Chinese demographic, almost all house sales are not to the "white" elite the author refers to.

The author makes some valid points about wealthy ghettos, but for some reason he failed to apply the argument across all ethnic demographics.  Deliberate, or just so ensconced in his own tower that he fails to see or acknowledge the changes in two of three of Canada's largest urban areas.