Thanks To Vancouver Real Estate Prices, Our Main Export Is Moving South
Thanks to ridiculously high real estate prices, our growers are looking south for cheaper grow op digs…
“Some VOC [Vietnamese Organized Crime] groups have moved their marijuana grow operations to the United States where the lower cost of real estate (in some regions) allows them to operate a more profitable enterprise and where they can also avoid police/customs detection at the border,” states the RCMP report.
The report, obtained by The Sun through the Access to Information Act, also argues that the “softening of marijuana laws” in some states has made the U.S. a more attractive destination for growers than it once was.
For more than a decade Canada has been home to a multibillion-dollar marijuana-growing industry, the bulk of whose product has been shipped to the U.S. Read more here:
Good news/bad news. Since the Spring 2009, the average single family home price in Vancouver is up 39%, or 1.4% per month of nominal price appreciation.
The average house now costs 11 times average household income, double that of anywhere else in Canada.
I just can’t help but think this may end badly.
Buy gold, or buy a home in Vancouver? what to do?