Is Calgary the next property hot spot for foreign buyers? Apparently the answer is out… Confirmed : Nope. Foreign Investors are Still not Rushing to Montreal and Calgary Actually, Foreign investors ignoring Calgary, Montreal real estate markets Calgary has a glut of unsold condos, so earlier this year, with a tax on foreign buyers in […]
Government’s numbers on foreign real estate buyers are nonsense
Government’s foreign buyer numbers way off according to Asian real estate conference Asia Real Estate Association of America, Vancouver chapter representatives say the government’s data sample is too low to be accurate. Agents, experts say Chinese buyers account for much more than 3% of B.C. homebuyers China Cash Power A provincial government statement that only […]
Wealthy Chinese gobbling up Silicon Valley homes
Silicon Valley is booming, and the Chinese are starting to cash in on the region’s housing craze. With tech stocks surging and IPOs sprouting up left and right, the area is in the midst of a real estate bonanza that’s attracting a wave of buyers from China. The average price of a home in Silicon Valley has […]
Chinese flock to California to acquire real estate
US sites in favour with mainland Chinese investors, with west coast state the top choice Potential Chinese homebuyers look at a house in Los Altos Hills, California. Photo: MCT Mainland Chinese companies and individuals are ramping up purchases of property in California, accounting for an increasingly significant share of real estate deals in the Golden […]
Chinese buyers flood U.S. housing market (with illicit money ?)
Earlier, we learn … Illicit Chinese Cash Stops Flowing Into Canada Real Estate Canada Loses Luster as Destination for Illicit Chinese Cash Chinese fugitives who touched down in Vancouver or Toronto with suitcases of illicit cash might find it harder to keep their fortunes. More HERE Apparently a lot more is being channeled into the United […]