I am I.A.M./Flickr
Yes, shelter is expensive in Vancouver. And yes, many of the people who are rich and are able to afford a home in Vancouver are from Asia. But neither of those facts has got anything at all to do with ethnicity, and everything to do with economic ideology.
Chinese investors in B.C. are expanding their interests to recreational properties with some recent big transactions. Buyers from mainland China closed a deal last week for Fox Island — 43-acres on t...
While China's policy change has impacted investors' cash flow in the short term, it hasn't curbed their enthusiasm for Vancouver real estate. The sudden rise and fall in real estate prices that we're seeing now in China, as well as fluctuations in the overall economy, mean that people view investing there as no less risky than placing bets on a baccarat table. For many Chinese investors, parking money in Vancouver feels as safe as investing in treasury bills.