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Have a couple of minutes and want to learn more about China and its purchasing power? Have a look at the links below for some interesting articles about us and China.
Vancouver realtors cater to wealthy offshore Chinese as middle class gets squeezed
By Mark Hasiuk, Vancouver Courier April 3, 2012
According to last week’s Real Estate Weekly survey, 46 per cent of Lower Mainlanders think now (spring 2012) is a good time to buy a home mainly due to low interest rates. On the supply side, 56 per cent think it’s a good time to sell, mainly due to high prices. Read more
Canadian real estate market a tale of two cities
Published Monday, Apr. 16 2012, 9:19 AM EDT
It’s a title Vancouver is more than happy to relinquish. Canada’s hottest real estate market is finally cooling off, new sales figures show, much to the relief of those who have grown weary of talk of a West Coast property bubble.
At more than $761,000, the average cost of a Vancouver home is still higher than anywhere, but was 3.1 per cent lower in March than in the same month last year. Sales activity is slower, too, down 22.3 per cent through the first three months of 2012. Read more