I don't understand Vancouver condo owners. I just don't. Now, this is a broad, sweeping generalization but most of them, from what I can tell, are completely contrary creatures. Potentially even, dare I say, a little bit nutsy. They have strange habits that leave me in danger of having a permanent mark on my forehead from repeatedly slapping myself from hearing about their latest actions and escapades.
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.