Geography Reference
In-Depth Information
stopped work. In October 2002 the bankruptcy case of Canada Asian Centre
Developments Inc. was before the British Columbia Supreme Court.
The perils of long-distance money in the property sector were apparent by
the final quarter of 1997. With capital switching and return migration to East
Asia - referred to simply as 'the exodus' in the local Chinese press - ethnic
business of all types became more precarious. Several realty firms closed,
including Cathay Realty and Midland Pacific, a Canadian franchise of a lead-
ing Hong Kong property company. By the end of the decade even Manyee
Lui's Hallmark Properties had faltered, and Vancouver's most eminent tran-
snational real estate agent formed a new alliance with the long-established
firm, McDonald Realty. In 2000 no Chinese-Canadian realtor featured
among the top ten agents in MLS sales by value in Greater Vancouver.
The New Spaces of Chinese-Canadians
If the 1971 map of ethnic Chinese in Vancouver was still dominated by
Chinatown (Figure 2.1), by 1981 changes were afoot. Dispersal eastwards
into the working-class neighbourhoods of East Vancouver provided some
upward mobility with the prospect of ownership of older homes (Figure 5.5).
0
2
miles
Chinatown-Strathcona
kilometres
0
2
Percent Chinese
50-100
30-50
15-30
5-15
0-5
Oakridge
0 (includes suppressed data)
Figure 5.5
Distribution of self-designated ethnic Chinese, City of Vancouver, 1981
 
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