Chinese investment in Vancouver real estate plummets

Realtors in Metro Vancouver are seeing fewer property buyers from China amid the COVID-19 pandemic. That’s according to property company RE/MAX Canada in an online post last week. The restrictions being imposed within China in response to the virus, are having monumental impacts upon their economy, and many of these restrictions have already spread to other countries that are home to other heavy investors in Vancouver Real Estate. According to the study, non-residents owned 4.8 percent of residential properties in the Vancouver metropolitan area. Realtors in Metro Vancouver are seeing fewer property buyers from China amid the COVID-19 pandemic. That’s according to property company RE/MAX Canada in an online post last week. The restrictions being imposed within China in response to the virus, are having monumental impacts upon their economy, and many of these restrictions have already spread to other countries that are home to other heavy investors in Vancouver Real Estate. According to the study, non-residents owned 4.8 percent of residential properties in the Vancouver metropolitan area.