Comments on: Mainland Chinese Real Estate Buyers Continue To Dry Up https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/ Canada’s Fastest Growing Real Estate News Source Fri, 05 Jan 2018 17:47:08 +0000 hourly 1 By: raj kang https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-8247 Fri, 05 Jan 2018 17:47:08 +0000 https://betterdwelling.com/?p=7131#comment-8247 In reply to Ronnieraven.

bitcoin is already banned in china. http://www.scmp.com/news/china/economy/article/2122691/beijings-bitcoin-ban-helped-china-dodge-scary-cryptocurrency

]]> By: Ronnieraven https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-5637 Sun, 10 Sep 2017 00:26:21 +0000 https://betterdwelling.com/?p=7131#comment-5637 Apparently the Chinese represent the largest group of Bitcoin owners in the world. They see cryptocurrency as a vehicle to move money out of China. Can anyone comment?

]]> By: alex https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-5636 Sat, 09 Sep 2017 20:03:39 +0000 https://betterdwelling.com/?p=7131#comment-5636 clearly the chinese rules are working, just look at how empty most open houses are now for detached homes. whats propping up the market is unwitting young buyers snapping up over inflated apartments.

]]> By: Justin Thyme https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-5623 Sat, 09 Sep 2017 01:34:41 +0000 https://betterdwelling.com/?p=7131#comment-5623 Finally, you are recognizing that the juan stays in China, and that they buy with greenbacks, not yuan. This makes it REALLY easy for China to control how much wealth leaves the country. Something I have been saying for a while. Now how about recognizing that China controls the greenback more than America does.

]]> By: Jack https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-5618 Fri, 08 Sep 2017 17:56:58 +0000 https://betterdwelling.com/?p=7131#comment-5618 In reply to Jim.

In one respect, I totally agree, in another you’re kind of validating this article. Yyou say non-chinese buyers bought on your street, he’s saying there are less chinese in the market, which seems to support one another. I think interest rates (as you say) will make an impact as will the measures ottawa is putting in to cool the overheated market will definitely have an effect. I think Vancouver will ease off eventually and start reversing those gains, that said it seems craziness there atm.

But as the CAD increases in value, along with a 15% tax and possibly less capital coming into canada as the real estate market is finally meeting headwinds will definitely dissuade foreign investment.

]]> By: Jim https://betterdwelling.com/mainland-chinese-real-estate-buyers-continue-to-dry-up/#comment-5616 Fri, 08 Sep 2017 12:43:11 +0000 https://betterdwelling.com/?p=7131#comment-5616 Stats? Where in this article do you have stats to document:”drying up”?
Chinese foreign reserves are impacted on multiple fronts. But I guess if you are on the sidelines hoping for a crash to buy in….. stats aren’t helpful. It’s the interest rates that will frost this market.

If it helps, I’ve noticed houses taking longer to sell in West Van and, gasp, non- Chinese buyers bought on our street this summer!
I guess I’m a troll since I questioned your post?

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