Tag: chinese buyers

Chinese owners of Vancouver’s Bentall towers looking to sell: reports

http://dailyhive.com/vancouver/bentall-towers-chinese-owners-looking-to-sell-2018 After Vancouver’s Bentall towers were purchased in 2016 by Beijing-based insurer Anbang, talks are now reportedly in progress between Anbang and Canadian banks and commercial realtors, regarding a potential sale of the four buildings that it owns in the Bentall Centre office complex. According Asian Real Estate business website Mingtiandi, “should Anbang follow through on the reported […]

Andy Yan, the analyst who exposed Vancouver’s real estate disaster

https://www.macleans.ca/economy/realestateeconomy/andy-yan-the-analyst-who-exposed-vancouvers-real-estate-disaster/ Yan found that buyers with “non-Anglicised Chinese names” had picked up two-thirds of 172 houses sold over a six-month period beginning in September 2014 in Vancouver’s posh west side neighbourhoods. Contrary to public perception, however, the buyers weren’t just showing up with “bags of cash” to make their buys. Some of Canada’s biggest banks […]