How is Vancouver Real Estate Tied to China?
by Maggie Chandler on May 20, 2011
in Latest News
Landcor Data Corporation was created by Rudy Nielsen R.I. (B.C.) F.R.I. and it is one of the NIHO (Nielsen Holdings) group of companies. They are experts in real estate analysis, urban land economics, real estate date services and much more.
This post is an exercpt from their recent newsletter.
British Columbia real estate – Kung Hei Fat Choy?
Before Recorded History
What’s now British Columbia and Asia had been connected. When the glaciers covered North America and ocean levels were low, the land under what’s now the Bering Strait brought the first migrants, the hardy ancestors of what are now our First Nations people.
Millennium later
Some historians believe seafaring Chinese explorers made landfall along what’s now the West Coast, predating the dawdling Spanish and English by centuries. In the late 1800s and as a prerequisite for the Colony of British Columbia to join Confederation, the CPR laid its steel ribbon across the continent, joining Canada’s eastern industry to the rough-edge port city of Vancouver and, not coincidentally, the markets of Asia.
Laying the track was tough
hard, dangerous, and low paid. To do the job, Canada brought in labourers from China, mostly male, invariably poor. Many of the incomers settled in Canada, slowly building new lives, saving money to bring over their own families, enduring much.
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