| There have been numerous stories published in | | | | was announced that the British would relinquish |
| the last week about Vancouver being the 'house | | | | control of Hong Kong, demand for Vancouver real |
| hunting' destination of choice for wealthy families | | | | estate soared from wealthy Hong Kong citizens |
| from mainland China. The Vancouver Sun reports | | | | who were anxious about the future of their |
| that a Chinese company known as SouFun has | | | | country. While demand from Hong Kong citizens |
| organized a tour of the lower mainland in August | | | | has since subsided, it has been replaced by |
| which will come looking for listings priced in the | | | | citizens of mainland China. |
| million dollar and multi million dollar range. When | | | | This continued demand is a blessing for the |
| asked why interest in Vancouver is so high from | | | | Vancouver real estate market, and all the |
| citizens of mainland China, the most common | | | | industries that support or compliment it in light of |
| answers are the availability of ocean front | | | | global economic trends. Vancouver's real estate |
| property and the excellent schools and universities | | | | market has not undergone the sharp "market |
| in the city. | | | | correction" that occurred in the United States. |
| In an interview with the Vancouver Sun, Angel | | | | There is little economic uncertainty in the Canadian |
| Wang, a realtor with Royal Pacific Reality said that | | | | economy, unlike that of the Untied States and the |
| Vancouver real estate is a bargain compared to | | | | European Union. This is another draw for Chinese |
| that on mainland China, which further compounds | | | | investors as they are confident that their real |
| demand. | | | | estate will not rapidly depreciate, and their |
| Historically, the Vancouver real estate market has | | | | investments are safe in Canadian banks. |
| always been of interest to the Chinese. When it | | | | |
