Comments on: China Moves To Stop Its Capital Outflow, Real Estate Markets Should Be Worried

By: China’s PBoC Announces An Army of Over 400,000 To Prevent Money Laundering | Better Dwelling

Sat, 08 Jul 2017 13:58:26 +0000

[…] capital controls, you can’t exchange yuan for more than US$50,000. Since January, you can only do it for “approved” reasons. That number is pretty high for everyday purposes, but if you wanted to put a downpayment on a […]

By: Vancouver's real estate market could crash thanks to China

Vancouver's real estate market could crash thanks to China — Thu, 02 Feb 2017 02:40:43 +0000

[…] of Foreign Exchange (SAFE) surprised citizens and banks by adding new barriers. Citizens exchanging currency now need to provide a declaration explaining an acceptable use. The US$ 50,000 limit remains, but banks are now required to report transfers greater than […]

By: 75% of Chinese New Year Travelers Will Consider Buying Property, But Here’s The Thing… | Better Dwelling

Thu, 26 Jan 2017 12:28:13 +0000

[…] It doesn’t necessarily mean properties will start flying off the MLS for the whole 40 days. China’s new currency exchange rules passed earlier this month explicitly forbids exchanging currency for the purposes of purchasing […]

By: China’s Largest Company Just Partnered To Sell US & Canadian Real Estate | Better Dwelling

Thu, 19 Jan 2017 18:15:32 +0000

[…] comes on the heels of China’s crackdown on capital controls. Yes, China’s done that before – but this is the strictest set of rules ever implemented. The […]

By: FD

FD — Tue, 10 Jan 2017 15:37:10 +0000

I just love how the financial markets and reporting make excuses using technical charts for everything, need to blame something for every occurrence. the Real Estate market should recede, its so over priced and overvalued that it is becoming impossible to buy a home for hundreds of millions around the world. I can build for less than using a pre-owned residence, does that make sense to anyone, that is what overvalued is. Overbuiding in eh US is mainly due to rediculous tax credits offered to the developers at the expense of the tax payer, it this progress or just a new financial con?, always using the new catch phrase “affordable housing”, i have seen hundreds of these so called “Tax Credit” deals and the only affordability i see is that in filling the pockets of the development group

By: VanReRe

VanReRe — Fri, 06 Jan 2017 17:28:30 +0000

Good. Now the 45,000 Realtors in Toronto, and Vancouver can go back to whatever industry they were in before 2014.