Factions within Vancouver real estate had their fingers crossed hoping that the Chinese New Year would produce another rush of eager home buyers. Rumored reality however, seems quite different.
If ‘coffee talk’ amongst Vancouver Realtors® is the measure for that vein of gold then it appears that few if any of those home buying “nuggets” have turned up. It begs the questions why not? Were Vancouver home sellers digging the wrong hole?
Seeking answers to explain why Chinese buyers for Vancouver homes were a ‘no show’, we turn to outside perspective to help explain why the Vancouver home selling gold rush never materialized.
The answers, more global than you might expect, all point to a singular problem – China is in trouble.
In the following 22 minute video Patrick Chovanec, associate professor at Tsinghua University’s School of Economics and Management in Beijing, and Nouriel Roubini the co-founder and chairman of Roubini Global Economics, an independent, global macroeconomic and market strategy research firm in New York discuss reasons sure to uncross anxious Vancouver real estate fingers.