Quote:
Originally Posted by Timpo
Why are Chinese investors only targeting Vancouver?
I know Vancouver is most expensive(if not, one of) place to buy real estate in North America, so I would've guessed Chinese investors would be more attracted to San Diego, Los Angeles, New York, Chicago, etc...
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they're not. this is a global phenomenon not just for chinese money, but russian, arab, etc.
it is probably just a proportionally bigger issue in Vancovuer as Vancouver will be one of the smaller cities that is being affected. also, given the higher proportion of chinese / HK residents in Vancouver it becomes a meme for some socioeconomic condition rather than just a pure real estate issue.