A recent article by the Globe and Mail.com highlights the impact Chinese buyers are having on the luxury real estate market in Vancouver, Canada. According to data from a real estate company in British Columbia, mainland Chinese buyers accounted for 70% of the companies transactions for luxury homes in the city costing in excess of
North & West Vancouver Real Estate Sales Strong in June 2013
The real estate market for detached homes in North & West Vancouver was relatively sluggish during the earlier part of this year, but June saw substantially increased activity compared to June 2012.
Fears of Real Estate Bubble in Vancouver Are Apparently Overrated
There has been a lot in the news recently about the possibility of a real estate bubble in the Canadian housing market, with Finance Minister Jim Flaherty warning that Canadians are taking on too much debt and that they could face problems once interest rates begin to rise.