Quote:
Originally Posted by oilyfan
Just as an aside in this discussion Vancouver is a bit of a different story especially over the last few years. Vancouver is seen as a very attractive market for housing for Hong Kong/Chinese well to do. There is a lot of Chinese money flowing into Vancouver, there is a long history there and a well established community to support this flow. When I travelled in China/HK recently I met a few people who told me they had condos/houses in Vancouver that they use as summer homes or for their kids education.
Apparently some of the best Cantonese cuisine restaurants in the world are in Richmond.
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Vancouver is massively over priced and utterly reliant on Chinese money, Chinese money will turn off like a tap this year in a time of uncertainty and Vancouver will drop like a stone.