Quote:
Originally Posted by Winsor_Pilates
The biggest reason for Vancouver's slow down is the lack of wealthy immigrant money coming in this year.
Last year, we had a large amount of luxury homes/condos being purchased by wealthy immigrants, mainly from China.
This year, they're not active.
Iran hass also tightened the ability to move money out of it's boarders and has a low dollar; which has hurt that large wealthy Vancouver ethnic group as well.
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I am unfamiliar, is there really that much money flowing from Iran in Vancouver and to have such an effect? Sanctions against Iran aren't really new or unusual?