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Posted by / 29-Jul-2019 05:54

Creation story dating around 2016 bc

Selling points ranged from the quiet of the street—perfect for their six-year-old son—to the stunning Vancouver Island vistas all around.

Should such buyers be lumped in with overseas owners of income properties?In the past five years, the flow of money from mainland China into Canadian real estate has reached what many consider dangerous levels, contributing to a gold-rush atmosphere in the nation’s leading cities, while stirring anger among young, middle-class Canadians who feel shut out of their hometown markets.Its impact on Vancouver’s gravity-defying boom is the best known—and most hotly debated—example, as eye-popping price gains leave behind such quaint indicators as average household income, or regional economic activity.Other analysts have dismissed the estimate, which Routledge produced by combining U. foreign investment figures with a survey of property ownership among 77 affluent Chinese people.But the numbers seemed to support an earlier, more controversial, study of home sales in three of Vancouver’s most expensive neighbourhoods, showing that 66 per cent of houses sold during a six-month period starting in September 2014 went to Chinese people with non-anglicized names.

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Paul Shen can tick off the reasons Mainland Chinese people buy property in Canada as surely as any fast-talking B. The richest, of course, regard homes in the West as stable vessels for disposable cash, but Shen lays no claim to such affluence.