So, the Vancouver real estate industrialist attributes the skyrocketing of prices of industrial properties "more to the economy than anything else", does he?

Really?

And yet somehow he also says “It’s no surprise that we see the same thing happen with commercial properties as has been happening for residential properties."

Um, what?

Hello, man, residential properties there cost dozens of times the average annual local income for one big reason: Billions of dollars flooding in from overseas, cash wanting a place to be parked, mainly from China.

Why is it not obvious to this man that THAT is probably what also is fueling the skyrocketing of industrial land there?

Why does he refuse to admit that flows logically from the residential real estate situation?