Founders of China’s Largest International Real Estate Portal Leave The Game
Still waiting for foreign buyers? Because the founders of Juwai, China’s largest international property portal have just cashed out, so…
This Week’s Top Stories: Global Capital Flows, Vancouver Buyers, and Toronto’s Soaring Prices
We summarize this week’s smartest insights, including Asia’s speculation problems, Vancouver’s buying pools, and Toronto real estate prices.
Flood of Foreign Buyers In March? Nope. China’s FX Reserves Rise Again
Did foreign buyers run the Canadian real estate market in March? Not likely, since China saw another month of capital inflows, not outflows.
Vancouver’s Foreign Buyer Tax Didn’t Stop Real Estate Sales, China Did
Think a foreign buyer tax reduced sales of Vancouver real estate? Not exactly. Declining sales have more to do with a China stopping outflows.
Chinese New Year Sales of Vancouver Real Estate Down 78%
Vancouver real estate saw less than a quarter of the typical buying during the usually busy Chinese New Year period.
Vancouver Real Estate Sees A 91% Decline In Luxury Foreign Buyers
Foreign transactions of luxury real estate in Vancouver are on the decline. Both the number of transaction and median price are dropping.
Over Half of Chinese New Year Travelers Will Consider Buying Property, But Here’s The Thing…
The biggest travel season in history is going down for Chinese New Year, and apparently many of the travelers plan on hunting for property.
China’s Largest Company Just Partnered To Sell US & Canadian Real Estate
Juwai, China’s largest international property portal, has partnered with China’s Tencent to ramp up sales of US and Canadian real estate.
Whoopsie! Vancouver Real Estate Document Accidentally Names Chinese Government
Vancouver real estate document erroneously names Chinese fund that “acts on behalf of the State, and manages real estate investments.”
Even Chinese Buyers Might Be Getting Screwed On Vancouver Real Estate
Turns out if you’re a foreign buyer looking for Vancouver real estate, you might end up paying a premium…before the foreign buyer tax.
