Vancouver no longer in popular demand among Chinese investors due to various reasons
Vancouver’s real estate market has always been in popular demand among Chinese investors, but the latest research found that Chinese investors are less and less willing to come to purchase a house in Vancouver. Vancouver Sun column pointed out that the decision in the Meng Wanzhou case has resulted in Canada-China relations becoming more elusive. Since the arrest of Meng Wanzhou at the Vancouver airport, China-Canada relations fell to their lowest ebb in decades. Statistics show that as of the end of 2019, 640,000 international students around the world were from China; 144,000 of them were in Canada, including 50,000 in B.C. The parents of many international students often consider buying a house for their children, but recent trends may change this. The Chinese population in Metro Vancouver has reached more than 500,000 people.
#Vancouver, #China