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Wenzhou investors turn attention to Vancouver luxury real estate

By Juwai, 31 January 2013
Lately every buyer In West Vancouver has been Chinese. Jing Daily reports. January 30, 2012 -- Though Chinese real estate buyers have spent the last several years driving up prices in Hong Kong, investing in French vineyards and flocking to Sydney, New York and Los Angeles, a quieter but arguably more pronounced influx has been taking place in Vancouver, Canada. Focused generally on the high end of the market, buyers from mainland China have been instrumental in the skyrocketing prices for luxury Vancouver properties, a trend that saw sales of homes worth more than $2 million rise 118 percent in the first third of last year.