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Back to Hong Kong: Return migration or transnational sojourn? - page 27 / 33

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27

savings to spend in real estate and consumer goods and services.

Expansionary effects upon the consumption sector were registered in the

Vancouver regional economy during the boom years of Hong Kong

immigration during the 1986-96 decade, while the real estate market fell

back appreciably with the accelerated population exodus beginning in

the mid-1990s (Lyons 1997; Walkom 1997). Such expansionary

pressures would be expected to return. But in addition to these private

sector impacts, there could well be public service costs associated with

the arrival of a significant retirement cohort with appreciable assets but

modest taxable income, likely to locate disproportionately in the

Vancouver region where the quality of life is high, where a large,

institutionally complete, diasporic community exists, and where the air

journey to Hong Kong is the shortest among major North American

centres. Awareness of these implications was registered by some

respondents.

I know I’ll definitely go back to retire because I’m Canadian so I

can have all those benefits that retired people get. So I know I’ll

go back for retirement. Prior to retirement I may not, depending on

financial, social, there’s a lot of different things. But definitely for

retirement!

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