- A large chinese community already being there, seeded by the HK hand over to china. The HK wave did not cause a real estate crisis.
- Being known as a "good investment" in China.
- RE firms that market in china for vancouver.
- Most importantly of all, bad enforcement of money laundering and foreign income laws compared to the USA.
If money laundering and tax laws were enforced as badly as Canada in the USA, I bet many of these chinese would be in the USA. The pacific north west is not considered a good place weather wise in the USA.
>The pacific north west is not considered a good place weather wise in the USA.
Where did you get that crazy idea? The PNW is known for being mild, though rainy and not terribly warm. People who like a lot of sun wouldn't like it. But compared to most parts of the country, it's known for "good" weather: in the northeast, it's snowy and brutally cold during the winter. In the southeast, it's brutally hot and humid during the summer, and there's hurricanes. In the (desert) southwest, it's horrifically hot during the summer. In the middle/plains states, it's brutally cold in the winter and there's regular tornadoes. In the Dakotas/Minnesota area, it's horrifically cold in the winter. The PNW doesn't have any of that stuff. Compared to southern California, the weather may not seem as nice to many people, but most of the rest of America does not have the consistently mild and warm weather year-round that SoCal has. But PNW does have consistently mild weather year-round for the most part, albeit without so much sun, and a lot of rain.
A lot of random people I run into in the USA make icky faces when I tell them about the PNW and it's weather. I've also lived there for many years, there are many climates in the USA I would prefer over the PNW, since AC is a thing.
- A large chinese community already being there, seeded by the HK hand over to china. The HK wave did not cause a real estate crisis.
- Being known as a "good investment" in China.
- RE firms that market in china for vancouver.
- Most importantly of all, bad enforcement of money laundering and foreign income laws compared to the USA.
If money laundering and tax laws were enforced as badly as Canada in the USA, I bet many of these chinese would be in the USA. The pacific north west is not considered a good place weather wise in the USA.