"Wealthy Chinese put house hunting on Vancouver vacation..."

[Yury]

Плановая экономика - путь в никуда или эффективный интструмент развития?

а что нам по этому поводу говорит критерий истины?

[Marmot]

Chinese investment surge hits Metro Vancouver housing market. Stable Canadian economy and good quality of life is luring 'planeloads' of overseas buyers eager to invest

When real estate entrepreneur Cam Good hosted a group of predominantly mainland Chinese investors this Wednesday at a White Rock condo showing, he was tapping into a market that's surging across much of Metro Vancouver.

Good, president of The Key, a Vancouver-based sales and marketing firm that's focusing on a new wave of Chinese buyers, figures he's sold more than 500 homes to mainland Chinese investors and immigrants in January and February in Vancouver and Toronto.

He's also opened an office in Beijing's business district -The Key China -where Chinese buyers can purchase Canadian condos from a presentation centre and view videos that showcase various condo developments and the virtues of Canada.

"[Chinese investors] have really picked up a lot of steam in the last two or three months," Good said in an interview. "And I believe this is just the tip of the iceberg. There's an über-wealthy upper class forming and there's a strong middle class growing in China. This massive middle class is now getting to a point where they can afford international real estate. And Canada is viewed by the Chinese as a very stable place to put their money.

"There are literally planeloads of Chinese coming here to buy real estate."

Wednesday's attraction was Avra, a 17-storey condominium tower that's slated to be built over the next two years, and Good took along a busload of investors -some from China and some already living here -and their agents to view the plans.

But it's not just condos that are attracting Chinese buyers, with single-family homes and large lots topping the list.

Across the Lower Mainland, especially Richmond and Vancouver's west side, mainland Chinese buyers and immigrants are becoming a major part of the market, in some cases competing with each other through multiple offers.

But the phenomenon is starting to spread to other areas including Burnaby, West Vancouver, White Rock and beyond.

"We predict that this will be a dominant trend for a long time," Scott Brown, senior vicepresident, Western Canada for Colliers International residential marketing, said in an interview. "Some of the most expensive [Vancouver] real estate is only being marketed to Chinese buyers. And Vancouver and Toronto are very popular."

According to a report on new multi-family home sales in the Lower Mainland by Colliers, which recently opened a dedicated office in Shanghai to deal with the increasing demand, a total of 2,711 new multi-family units were sold in the region in the fourth quarter of 2010, making it the most active quarter of the past year.

"As in each quarter in 2010, the health of the market is expected to continue to be positively impacted by increasing Asian immigrant and investment demand," the report, prepared by Colliers and Urban Analytics, concluded.

Scott said the expected offshore demand will continue to be "the dominant story in 2011 that it was in every quarter of 2010 especially in Vancouver-west, Metrotown and Richmond."

The demand for Vancouver properties appears to be fuelled by many factors -including, ironically, a crackdown on property purchases in mainland China that may be moving much of that investment overseas, particularly to Canada.

Local real estate companies are tapping into the demand, which realtors say is also partly fuelled by an easing of travel restrictions by China with the granting of approved destination status to Canada.

As well, local Vancouver area Chinese-language newspapers are being used by realtors and agents to specifically target mainland Chinese buyers, citing Canada and Vancouver's stability and strong local real estate returns.

A recent report in the China Daily, a state-run publication based in Beijing, said Canada was "the most popular choice" for overseas investors while "growing restrictions on property purchases in major Chinese cities [are driving] the country's nouveau riche to look overseas for investment opportunities."

The newspaper noted that most overseas property purchases are motivated by a combination of factors including immigration, education and investment, with Canada, Australia and the U.K. topping the list of destinations.

The China Daily report also said buyers from the Chinese mainland represent between 40 and 50 per cent of the current market for pre-sale projects in Vancouver.

But China's effort to cool an overheating market is just one reason investment is pouring into Canada.

Brown believes there are many factors, especially Canada's image as a great country to live in and a safe place to invest money. "There's no one easy answer, but one of the main drivers is [they] believe that having their children educated in Canada [is good]. The other driver is that Vancouver is a beautiful, livable city and they want to buy their own piece of it."

One recent buyer is former Beijing resident Yang Yang, who moved to B.C. with her husband and young daughter last summer, purchased a detached house in Surrey, and accompanied Good to the White Rock condo showing.

"We prefer the peaceful life here," Yang said in an interview. "Beijing is very crowded and the air pollution is bad there."

Yang said that she and her husband, an IT engineer, are considering a condo at Avra as a place to retire when they no longer need their larger home.

Yang's realtor, Hong Lui, with Interlink Realty in Richmond, said she first noticed a surge in mainland Chinese interest last spring and it's grown increasingly stronger, with a mix of investors, including those who want to immigrate to Canada and others who are looking here after the Chinese government restricted their ability to own several homes.

Richmond MacDonald Realty realtor David Lindsay said: "January and February has been almost exclusively mainland Chinese buyers of big lots, with a house of little value on it. And we're getting multiple offers."

He said, for example, that a typical lot in the Seafair area, which sold for $800,000 in October, is now selling in the $1.2-million range. "I sold one last Sunday and we had four offers. The winning bid was $1.03 million. It was on the market for $968,000." Lindsay believes there's speculation is going on, because some buyers are getting an accepted contract with a clause that allows them to assign the contract to a third party before the sale is completed. "One buyer didn't even set foot on the property."

Real Estate Board of Greater Vancouver president Jake Moldowan said he believes lifestyle is the core reason for the interest. "Vancouver is an extremely desirable place to be."

He said that Richmond lots are now going for $1 million to $1.3 million. "And I know that there have been realtors from Hong Kong and mainland China, who fly over there, put packages together, and then bring people over."

Meanwhile, Bosa Properties announced this week that its 34-storey Sovereign tower in Burnaby's Metrotown sold out immediately, surpassing the single day sales record in the Burnaby market by selling $98-million worth of real estate.

[Петр и Павел]

испортили тему. ведь тема была - почему сейчас в 2011 году китайцы продолжают рвать рынок недвижимости Ванкувера в клочья.
а вы все опять порите свое - когда же все лопнет и можно накупить много дешевого жилья. да никогда - лузеры!
феншуй вам уже не поможет.

спасибо, Мармот, за тему. хоть и не поддержанную.

[Mr. Trump]

Однако неправ я оказался. В декабре прошлого года на форуме прогнозировал 5% падение цен в Ване. Оказалось наоборот. 5.1% рост.

Источник - мой любимый Teranet’s House Price Index

[Hairy Potter]

A little off topic, but still somewhat applicable to Canada and economic boom in China


Bigger bubble is building, says RBA director Warwick McKibbin

EXCLUSIVE: Michael Stutchbury, Economics editor From: The Australian February 28, 2011

RESERVE Bank board member Warwick McKibbin has warned that Australia is being caught up in a global bubble that could hit us much harder than the global financial crisis and expose the weaknesses of Labor's economic settings.
Professor McKibbin told The Australian the bubble in global commodity prices and property markets in Asia threatened to dwarf the US housing market bubble that led to the GFC in 2008. He warned that the inevitable bursting of the bubble would reverse the surge in Australia's record high terms of trade, push down the dollar and leave the Reserve Bank struggling to fight off rising global inflation pressures.

"This is shaping to be much bigger than 2004 to 2007," he said in comparing the new excess of global liquidity with the global financial bubble that led to the worst global financial crisis since the 1930s.

"This cycle is even bigger."




http://www.theaustralian.com.au/busines ... 6013167028

[конь в пальто]

Выбирающего Ванкувер не потому что он собирается в нём жить, а потому что здесь у недвижимости "хорошие перспективы".

Этак можно и совсем веру в человечество потерять.

а где хорошие? скажите плиз, мы туда инвестируем в недвигу

гавайи например. У меня есть живой знакомый пример, слил все в Ванкувере и купил-сдает-инвестирует на Гавайях теперь. Круглый год в трусах и в майке, даже на зонтики попадать не нужно.

[Slav]

Однако неправ я оказался. В декабре прошлого года на форуме прогнозировал 5% падение цен в Ване. Оказалось наоборот. 5.1% рост.

Это по-нашему, по-бразильски! (с) Типа, за базар ответил.

Уважаю.

[badger]

На падающем рынке психологически трудно покупать. Потому как падать будет не один рынок недвижимости, но и другие активы.

Может "другие активы" и будут падать с рынком недвижимости, но вовсе не все из них. Далеко не все. В том и прелесть, например, должным образом диверсифицированных вложений в акции, в отличие от некой хаты в городе Н-ске, намертно прибитой к этому городу.

[tuda_i_obratno]

Ванкувер -- город миллионеров.

[nonn]

В Ванкувере очень дорого жить. У нас в Бёрнаби всё по другому.

[Скрипка]

В Ванкувере очень дорого жить. У нас в Бёрнаби всё по другому.

А забугорным друзьям своим, небось, говорите что в Ванкувере живете?...

[nonn]

В Ванкувере очень дорого жить. У нас в Бёрнаби всё по другому.

А забугорным друзьям своим, небось, говорите что в Ванкувере живете?...

Нет, забугорным говорю, что в Монако, они ж всё равно не проверят.

[akela]

А забугорным друзьям своим, небось, говорите что в Ванкувере живете?... :wink:

А Вы что говорите?
я думаю, что-нибудь вроде "живу в Канаде, не совсем в Ванкувере, но рядом" ;)

[Скрипка]

А я сразу предупреждаю забугорных своих друзей, что мне глубоко... всеравно, в каком аэропорту их встречать: в Калгари или в Ванкувере, все равно любая культпрограмма у нас начнется с обязательной обзорной экскурсии по БиСишным просторам, так как до нас с любой стороны, куда ни плюнь, - все равно как минимум 7-8 часов хорошего драйва по горным дорогам будет...

[nonn]

ну то есь, akela угадал