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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
Realtors of Mainland Chinese Using Helicopters to Buy!
The Chinese realtors that are selling Vancouver real estate to Mainland Chinese are now using helicopters to check out the lay of the land. Mainland Chinese are serious about Vancouver real estate because it is cheap to them. Also, it is freehold where they are use to leasehold land in Mainland China. Vancouver real estate to them would be like you moving to a beautiful city and finding gold nuggets lying in the streets. It is that sweet.
The same company that invites those chinese realtors on helicopter tour to white rock is setting up display centre in downtown beijing. The centre will open in March to sell Avra, a 17 story condo project. The centre will employ 6 people. Over 50 of the 117 are already sold in Beijing, before the centre opens. Big draw to the Chinese, Semiahmoo which offers the IB course.
Of all the real estate sales in the city of White Rock for the past 6 months, 75% are by the mainland buyers.
Things I have heard was that China people actually have a lot of dirty money and using it in China will not suffice, that's why they try to find somewhere relaxing and low to spend it all on. Also the cost of living is significantly lower compared to what they had to pay for in China with how the government system works here and economy. Idk thats what I heard and it could be possible
CRA needs to have a good look at this. A lot of these Chinese don't even declare their assets when they bring their wife and kids into our boarder. You gotta pay to play the game son.
Fucking mainlanders driving up the price of real estate
Don't hate the player, hate the game. How can you blame people for taking advantage of the system? The government should probably have better controls in place.
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Probably because he tells it like it is and knows hockey better than you two dipshits? People respect his opinions, not like you two dipshits? He has a solid income, not like you two dipshits?
Since these guys are buying up big land plots and multiple houses as investments.... Whats going to happen when they croak or sell? If they only had one house then perhaps no tax.
Quote:
Originally Posted by MajinHurricane
People keep throwing this term around. How much taxes (income) do they honestly pay vs the services that they use?
The general public can't afford whiterock ANYWAYS. I will say this, I work in White Rock. There are 4 types of people that live there
1. Company execs who can afford a home there
2. Retired
3. Families that act as homestay collect $$ to let a chinese/korean student live with them
4. RICH CHINESE that live around OCEAN PARK/MORGAN CREEK
with grandview corners picking up traffic, well, it just adds to the high price real estate in the area
Just curious what kind of students are staying in whiterock for homestay? ESL?
Quote:
Originally Posted by darthchilli
The general public can't afford whiterock ANYWAYS. I will say this, I work in White Rock. There are 4 types of people that live there
1. Company execs who can afford a home there
2. Retired
3. Families that act as homestay collect $$ to let a chinese/korean student live with them
4. RICH CHINESE that live around OCEAN PARK/MORGAN CREEK
with grandview corners picking up traffic, well, it just adds to the high price real estate in the area
I am fine with foreigners coming into this country and buy up properties. Because we Canadians do the same as well like in states and Europe. But let's face it, many of these Chinese millionaires who are buying properties here got rich through some type of fraud and tax evasion in the past. If the CBSA and CRA wants to play hard ball and dick around with them, some of these guy could face criminal and civil charges.
so if mainland chinese people are scooping up vancouver real-estate like mad, why is the olympic village such a hard sell?
Because no one wants to buy condos where bums will be living in the same unit as you next door. Another point is that Mainlanders don't like property that has been lived in before.
lol my family dealt with the guy before - I lawld when i saw him for the 1st time
Greater Vancouver becomes like Mainland China, I'll stick with my little island on the south - it can remain as little Hong Kong
IB is fucking overrated btw
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