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HAM vs BCM
03-27-2014, 11:20 AM, (This post was last modified: 03-28-2014, 02:04 PM by crabman.)
#1
Photo  HAM vs BCM
In the seemingly endless debate over whether Hot Asian Money (HAM) or Borrowed Canadian Money (BCM) is causing our high RE prices, most people agree that both are playing a role. In trying to quantify the effect of each, I decided to compare two similar cities - one with lots of HAM (Vancouver) and one with almost none (Victoria).

Any similarities in price movement between the two would indicate that BCM is the primary driving force. Any deviation in price movement is evidence of HAM.

After comparing the two, it appears that BCM was the primary driver of Vancouver price increases from ~2002 until mid-2009 -- since Vancouver and Victoria followed very similar price increases. However, since July 2009, the Teranet Index for Vancouver is up 31% while the Victoria index is unchanged. Thoughts?


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Messages In This Thread
HAM vs BCM - by crabman - 03-27-2014, 11:20 AM
RE: HAM vs BCM - by Skook - 03-27-2014, 04:55 PM
RE: HAM vs BCM - by crabman - 03-28-2014, 02:13 PM
RE: HAM vs BCM - by Alexcanuck - 03-27-2014, 05:39 PM
RE: HAM vs BCM - by Skook - 03-27-2014, 05:54 PM
RE: HAM vs BCM - by crabman - 02-06-2015, 08:18 AM
RE: HAM vs BCM - by JimmyWW - 02-08-2015, 04:42 AM

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