Chinese interest in Vancouver-area real estate is so strong that it’s fuelling a market for real estate tourism, with groups of wealthy travellers scheduling visits to the city for the sole purpose of house hunting.
China-based Internet sales company SouFun is organizing two tours — groups of about 20 each from Beijing and Shanghai — which will visit Vancouver and Toronto in August on the hunt for “million-dollar or multimillion-dollar” listings.
First reported in Vancouver’s Ming Pao Daily News, and repeated on the news blog Chinese in Vancouver, a SouFun spokesman said potential buyers are particularly drawn to neighbourhoods with “famous” schools or ocean views.
Ming Pao reporter Eric Chan said SouFun drew a lot of participation for the tours from areas around Shanghai…
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Posted by: Derek Penner
Date: June 29, 2010