The Chinese government just took control of a company that recently bought billions in Canadian real estate, and one of Asia’s top real estate execs says Vancouver is “overpriced.”
The Chinese government just seized control of Anbang, one of China’s largest real estate buyers, and now controls billions worth of Canadian real estate.
China is dealing with some of the world’s most ruthless real estate speculators. Here are some lessons Canada should take away.
Mainland Chinese real estate buyers have disappeared from global markets, as China’s foreign exchange reserves rise for the 7th month in a row
Some Canadians might think Toronto and Vancouver real estate is dangerous right now, but not for any of the reasons being advertised here.
The world’s largest real estate buyers are still short on cash, as China’s improved capital controls sent reserves to a 9 month high.
In order to understand Vancouver real estate, you need to have a basic overview of how and why foreign money entered the market.
IMF ranks Canadian real estate as “overvalued,” late mortgage payments are falling fast, and Toronto and Vancouver condo prices are soaring.
We talk to Dr. Joseph Wang, an expert at China’s capital flows, to find out how people are circumventing the rules to buy real estate.
This week’s top real estate stories: Canada’s vacant home problem, Toronto real estate is slowing down, and Vancouver is booming…again.