She’s browsing online real estate listings in a cafe near Vancouver’s City Hall. Facebook Twitter Pinterest Vancouver’s Chinese New Year parade – 30% of people in the city claim Chinese ancestry. So you keep adjusting your expectations, you know?”Over the past year, the price of a single family house in Vancouver increased by an incredible 30%, to an average of $1.4m. Officially, the Chinese government limits the amount of money individuals can take out of the country per year to US$50,000. “With China you have an amazing depth of capital – capital which is more and more eager to leave the country.”That capital is turning Vancouver into a resort town for the wealthy.

Source: The Guardian July 07, 2016 10:49 UTC