Quote:
Originally Posted by Special K
Hehe,
As much as I want the RE market to tank with foreign investors pulling out. I see the opposite.
People holding USD (or CNY or HKD) will find CAD RE now 20% cheaper.
What I'm trying to say is, there's always two sides to our weakening currency and lowered overnight rate.
If anything, if foreign investors pull out. Downtown 1 bedroom condos will take a huge hit.
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Agreed - my relatives from HK are currently in town just to buy a house in Vancouver West, to rent it out! They put down a $2M offer a few days ago.
Recently they also bought an apartment for their son in HK, so a house here seems like a good deal to them... 
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