jerrygao2011
新手上路
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- 2011-04-06
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It is a red hot seller market in Vancouver, particularly in Richmond, BC
as more and more Chinese investors jump in the single family house market. There is two single houses in Richmond, BC listed recently at $999,000 but sold at 1,300,000 in March, 2011. What is going on?
There are too much speculating buyers, who bring much cash from China. The recent tsunami in Japan placed a little negative impact on the Richmond market as this area is the lowest altitude in the lower main land. and some investors are turning their eyes to Burnaby, BC which is higher thanl sea level.
the market will be still red-hot for a while as China is cooling down and less profitable.
Jerry Gao
Realtor, MBA
Cell: 778-822 4489
Email:gaoj@sutton.com
as more and more Chinese investors jump in the single family house market. There is two single houses in Richmond, BC listed recently at $999,000 but sold at 1,300,000 in March, 2011. What is going on?
There are too much speculating buyers, who bring much cash from China. The recent tsunami in Japan placed a little negative impact on the Richmond market as this area is the lowest altitude in the lower main land. and some investors are turning their eyes to Burnaby, BC which is higher thanl sea level.
the market will be still red-hot for a while as China is cooling down and less profitable.
Jerry Gao
Realtor, MBA
Cell: 778-822 4489
Email:gaoj@sutton.com
