Reuters Staff / Reuters
The most commonly repeated explanation for the price surge last year and into 2016 is an increase in foreign buyers, especially Chinese buyers looking to launder their ill-gotten funds. Anecdotal evidence of this happening is at record high, but actual data to support it is severely lacking.
The 1.09-hectare property is made up of three lots, and includes a 10-car garage
With all the doom and gloom stories about Vancouver’s housing bubble bursting, some industry experts shed some light on the Chinese entrepreneurs who continue to invest in the city’s properties. Most...