Is Seattle the new Vancouver for foreign homebuyer

Real Estate

Intensive government interventions creating unfavourable housing market conditions for foreign investment in Metro Vancouver have prompted a surge in Mainland Chinese investors down south to Seattle.

Despite new capital controls imposed by Beijing in recent years to reduce of outflows from China to foreign markets, some Mainland Chinese are still seeking safe places to park their capital, with many choosing foreign housing markets.

Globally-connected cities like Vancouver, Sydney, London, and New York City were at the forefront of these outflows earlier in the decade, but that is no longer the case.

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