The common factor of the financial conditions of Canada and Australis is China. China buys a lot of natural resources, energy, and farm products from both countries. When China rises, both benefit, and vice versa.
China's buying affects the prices of these products globally even China does not buy from the specific country.
In addition, these two countries welcome immigrants based on financial capabilities instead of the 'political prosecution' in the US. They both benefit from Chinese immigrants in 3 waves: 1. prosecution of corrupt officials in Hong Kong (almost every one in the old HK police depart was corrupt), 2. Hong Kong takeover and 3. the current massive immigration from China.
Vancouver's real estate doubled fast during the period. It is a bargain price for HK folks who used to spend half a million for 500 square feet apartment. The local folks said their next generation will not be able to buy a house in Vancouver. If some one pays double for your house, will you complain?
Sorry for this generation of Vancouver folks who have to adjust and live in smaller quarters. In this case, the older generation benefits and the younger one suffers. Vancouver is just a beautiful place to live with beautiful places, nice climate and highly educated citizens. A secret cannot be hidden for ever!
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