Mainland Chinese 'dominating' high-end Vancouver real estate market
“It is mainland Chinese buyers who are driving the luxury market. They are dominating," says Dan Scarrow, vice president of Macdonald Realty.
By News on the Net Vancouver Sun—— Bio and Archives--August 12, 2015
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Local real estate company Macdonald Realty Ltd says buyers with cash from mainland China accounted for 70 per cent of the firm’s sales in 2014 of single-family homes, condos and townhomes over $3 million in Vancouver, including the west side, east Vancouver and the downtown core.
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