China’s PBoC Announces An Army of Over 400,000 To Prevent Money Laundering
China’s capital outflows continued to rise, and expect that number to accelerate soon as new anti-money laundering measures are rolled out.
China’s capital outflows continued to rise, and expect that number to accelerate soon as new anti-money laundering measures are rolled out.
Toronto real estate makes a sharp turn. Prices growth is slowing, sales are dropping, and inventory is hitting highs.
Don’t expect Mainland Chinese real estate investors to make it rain in 2017. At least, not to the extent they did last year.
Vancouver real estate prices are making surreal movements, with the benchmark price increasing a whopping $1,006 dollars per day last month.
Domestic real estate investment in China is dropping, and government cooling measures are expected to flood inventory soon.
Foreign buyers accounted for 4.7% of Toronto area real estate purchases. This includes people eligible for the foreign buyer tax rebate.
Canada has twice the ratio of vacant homes the US did before the great recession, indicating Canadian real estate may be in hypersupply.
Canada gets flagged for a financial crisis…twice, Vancouver’s subprime buyer program is spiking prices, and inflation plummets.
Vancouver real estate fetches a premium because of the business being done on the land, but no one’s measuring it. Don’t worry, we just did.
A website has popped up advertising foreclosed Vancouver real estate listings, but how did the agent find so many? They didn’t.