3 ms·
if we're going with the Chinese investors are inflating real estate prices theory - most Chinese people would probably find the cold winters in the rest of Cana
by Jack000 12y ago
if we're going with the Chinese investors are inflating real estate prices theory - most Chinese people would probably find the cold winters in the rest of Canada a deal breaker, whereas the rain in Vancouver is a mild inconvenience. If you don't want to go to the US, Vancouver Canada and Australia are at the top of the list - Vancouver doubly so because of the large native Chinese population.
Personally I think the foreign investment segment in the Vancouver real estate market is a bit over-reported. A large part of the demand here comes from East-Asian immigrants (30% of the population) who will buy a home despite renting being a better fiscal option. This is reflected in the gap between ownership and rental prices.