Wealthy Chinese send Vancouver housing prices soaring: ""Mainland Chinese buyers are really driving markets from Sydney through New York to London, and Canadian cities like Vancouver — particularly Vancouver — are no exception," former ambassador to China David Mulroney told Canada's national broadcaster, the CBC, in March. Like many in Vancouver, Mulroney wants to restrict investments in high-end real estate to protect lower-income buyers.
The evidence of Chinese money flowing into Vancouver is unmistakable. South of downtown, the suburb of Richmond has been transformed into a bustling network of Chinese markets, shopping malls, hair salons and English schools. On Richmond's busiest street corners, signs in Chinese are more visible than those in English. It's easier to buy a pork bun than a hamburger, and you can shop all day without speaking a word of English. Along the light-rail corridors, gleaming condo developments are sprouting up to accommodate new buyers."
'via Blog this'
The evidence of Chinese money flowing into Vancouver is unmistakable. South of downtown, the suburb of Richmond has been transformed into a bustling network of Chinese markets, shopping malls, hair salons and English schools. On Richmond's busiest street corners, signs in Chinese are more visible than those in English. It's easier to buy a pork bun than a hamburger, and you can shop all day without speaking a word of English. Along the light-rail corridors, gleaming condo developments are sprouting up to accommodate new buyers."
'via Blog this'
No comments:
Post a Comment