Whenever a new condo tower is announced in Vancouver, public outcry is often not far behind. This has never been truer than in recent weeks with news headlines about Vancouver residents voicing their concerns over what condo developments will do to their sense of community, and the character of their neighbourhoods. It's a debate that's raged for decades. Is suburban sprawl or urban densification the answer to city growth? Is it better to go up or out? Each has its proponents and buckets of data to back up their views.
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.
01/23/2013 07:44 EST
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