Festival Condos Address.The Chinese “occupy” Canada? He bought a luxury house in Vancouver, Canada, for 31.1 million Canadian dollars (150 million yuan), setting a record for sales of a luxury home in Vancouver in 2016.Please Visit: Festival Condos Address to Get Your VVIP Registration Today!
The super-luxury house is listed as one of the 16 most expensive properties in Canada. built in 1979, it is a three-story mansion with an area of more than 6000 square meters and an indoor area of about 1356 square meters, with five rooms and eight bathrooms. The house is equipped with swimming pool, gym, swimming pool and so on.
Zhou Tianyu made a down payment of about Rmb100m and a loan of C $9.9 million to buy the mansion. This means that as a student with no income, he has to pay back C $17000 to the bank every two weeks.
As soon as the news got out, everyone was shocked. Who is Zhou Tianyu? Where did he get so much money? Is the question that everyone is most interested in. However, even the powerful Canadian media failed to dig up the details of this mysterious Chinese student.
As soon as the news got out, everyone was shocked. Who is Zhou Tianyu? Where did he get so much money? Is the question that everyone is most interested in. However, even the powerful Canadian media failed to dig up the details of this mysterious Chinese student.
Some analysts believe that she may be Zhou Tianyu’s mother. After all, it is impossible for Canadian banks to lend nearly C $10 million to Zhou Tianyu, who has no source of income. According to the bank’s assessment, the mysterious Feng Cui has total assets of C $25.6 million, which qualifies her for a loan from the bank.
Accusations that the Chinese have inflated house prices in Vancouver have long been common in Vancouver. The latest figures for April show that a detached house in Vancouver costs an average of C $1.4 million, up 30 per cent from the same period last year.
Along with soaring house prices is the oft-reported news of Chinese tycoons grabbing homes in Vancouver. Early last year, a rich man from Nanjing bought a top mansion in Vancouver for more than C $51 million, the same location as the one bought by Zhou Tianyu, in the Cape Gray district on the west side of Vancouver.
At the beginning of this year, an 88-year-old house in Vancouver was snapped up by more than a dozen Chinese buyers, eventually selling for C $9 million, C $1.17 million more than the seller’s listing price. The buyer and his wife, a young Chinese couple, are said to have paid in full without even looking at the house.
The image of Chinese tuhao, who has repeatedly spent a lot of money, has also caused a lot of complaints among Canadian residents. “the Chinese are buying Canada!” This is the title of the latest issue of a Canadian magazine. According to the article, the Chinese have bought at least 30 per cent of their homes in Vancouver and invested nearly C $12 billion in the Vancouver property market.
Another figure shows that if you only look at luxury homes in the Vancouver area with a total price of C $4 million or more, 75 per cent of buyers have a lot to do with Chinese mainland’s money.
AndyYan, a professor of Chinese urban planning at the University of British Columbia in Canada, analyzed the three most expensive neighborhoods in Vancouver and found that 66 per cent of the buyers of properties sold in the six months after September 2014 were Chinese, most of whom claimed to be housewives or students and had no income.
Who on earth is the buyer behind these luxury houses? We have no way of guessing. But there is no doubt that Vancouver has always been the first choice for Chinese immigrants to Canada because of its warm climate and livable environment.
An intermediary engaged in Canadian investment immigrants told Foreign Affairs (xjb-waishier) that in recent years, the wave of investment immigrants to Canada continues to be hot, although the threshold for investment in Canada is rising, but many people choose to “curve to save the country”. After landing through Canada and Quebec investment immigrants, they go to Toronto or Vancouver to buy houses and settle down.
The intermediary, who spoke on condition of anonymity, also said that buying houses in Canada is also a way for some people to launder money, transferring assets overseas by buying houses.
Data show that at least 300,000 Chinese live in Vancouver, and some studies believe that in 18 years’ time, Chinese will replace whites and become the “majority” in Vancouver.
