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China’s affluent rich buying a better life abroad – Vancouver real estate

November 23, 2011

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 4:34 pm

Self-made millionaire Li Weijie runs his ski and golf course outside of Beijing and is considered a patriot: A life-size statue of Mao Zedong fronts entrance of his station. What would Chairman Mao say if he knew Li is a proud cardholder of Canadian Residency? ” I wanted access to the education system and health care of a developed country,” said Li, 43, whose other businesses include one of the largest taxi companies in Beijing, 2 car dealership as well […]

Vancouver In The Lower End Of A Balanced Housing Market

November 7, 2011

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 1:57 pm

The real estate Board of Greater vancouver (REBGV) reports that sales of residential houses, attached and apartment service area MLS ® system has reached 2317 in October, down 1 percent compared to 2337 sales in October 2010 and an increase of 3.2 percent over the previous month. These sales rank as the second lowest total in October over the past 10 years. “Right now, prospective home buyers have a good selection of properties to choose from and more time to […]

Vancouver Home Prices Up 7.5 Percent Compared To Last Year: Report

Filed under: Real Estate Market,Vancouver — Richard Morrison @ 1:23 pm

  House prices as a reference in Metro vancouver increased 7.5 percent to $622,955 in October 2011 from $579,349 in October 2010, according to the latest monthly report from the real estate Board of Greater vancouver. But since it peaked in June $630,921, the reference price – namely, a typical house – all residential properties in the region declined 1.3 percent. The report also indicates that sales of single-family homes in October reached 974, about the same as in October […]