Real Estate Investment Vancouver – Chinese are Buying

A recent report in the Globe and Mail suggests the Chinese are eager to buy Canadian property. It says the Chinese like the political stability here and are seeing Vancouver real estate as a stable, secure investment. And the price of Vancouver Real Estate appears cheap to them. Real estate values in China have increased 200 to 300 per cent and doesn’t appear to be abating.

From the report: “The latest rush into Richmond has moved a growing number of homes over the $1-million mark. A 34-storey condo tower in suburban Burnaby sold out immediately, with the majority of purchasers reportedly being Chinese. The $98-million in sales set a single-day record for the municipality.”

A China Daily Newspaper report also said buyers from the Chinese mainland make up 40 to 50% of the current market for pre-sale projects in Vancouver.

“The massive middle class in China is just now getting to the point where they can afford the international option. People here better get used to it.”

Here’s a CTV Video report:

See this more recent CBC video on Chinese buyers.

Selling to the Chinese real estate buyer is now a key target market for Vancouver Real Estate agents. See more on the Vancouver Real estate forecast by REGVB.

Are you a Vancouver real estate agent who needs to take your sales to the next level? That won’t happen without creating the foundation to be a market leader. Today, that means creating an effective Internet marketing plan. Your real estate sites will be a focus for driving leads and closing sales. Homebuyers search online and home sellers want to see you have a full Internet marketing plan in place. Realty Market Leader can build that foundation beginning with professional Real estate SEO, MLS listings, lead capture, contact management, video ads, and mobile mls visibility.

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