Leftbank condos by Broccolini. Real estate speculation in Vancouver shocked Canada. David Eby, a housing commentator for the New Democratic Party of Canada, presented an asset document of the party’s study of residential sales in Cape Gray in Vancouver at a press conference on Wednesday.Please Visit: Leftbank condos by Broccolini to Get Your VVIP Registration Today!
The documents show that in Cape Gray, there are nine buyers of luxury homes with a total value of C $57 million, all marked as “students”. Moreover, as the names of the owners of luxury houses are all Hanyu Pinyin, these nine students are likely to be Chinese!
David Eby also specifically mentioned a mansion on West eighth Street (West 8th Avenue). In April last year, the mansion was bought by a Chinese student for 7.19 million Canadian dollars (36.4 million yuan). In May, the classmate “Xuan Kai Huang” sold the house for 8.35 million Canadian dollars, making a full net profit of 1.16 million Canadian dollars (5.85 million yuan).
It was also mentioned that Canadian media group Postmedia tried to call the Huang student on Wednesday, but his voicemail was full.
This Huang student makes every editor (WeChat account: nbdnews) can’t help thinking of another classmate named “Tian Yu Zhou”. According to a report in the Vancouver Sun in May, a registered Chinese named “Tian Yu Zhou” bought a luxury house in Vancouver’s Cape Gray for 31.1 million Canadian dollars (157 million yuan) earlier this year, which also set a record for the highest transaction price for a luxury home in Vancouver this year, shocked Canada. At the same time, the documents show that Tian Yu Zhou’s career is also a “student”.
Nearly 6 million Chinese students in Vancouver were shocked by real estate speculation in Vancouver, Canada. Screenshots of the relevant report of the Vancouver Sun.
From this point of view, Zhou students can be regarded as the first of the “Gray Point Nine Young people” (just kidding). At a press conference on Wednesday, David Eby also cited the party’s study of 172 residential transactions in Cape Gray. The data show that the owners of nine high-priced properties in the Wenxigai area are students, of which six are registered owners, and the other three are dual owners, which are jointly owned by businessmen and students, businesswomen and students, unmarked professionals and students.
In addition, the above documents also show that about C $40 million of the properties owned by the nine owners come from bank loans.
Since the beginning of this year, the saying that “Chinese speculators drive up Canadian house prices” has been circulating in Canada.
Although there is no convincing evidence from Canadian officials on how much role Chinese buyers have played, Canadian officials said in a central bank report that demand from foreigners “does drive up house prices. This has led to a rise in home loans”; but Canadian house prices are indeed rising at a rate visible to the naked eye.