>>Richmond is majority Chinese. >nine of 10 recent Chinese immigrants arrive in Metro Vancouver with enough money to immediately buy homes.
How come Chinese have that kind of money while entering? Are they all rich and well-bequeathed?
How come Chinese have that kind of money while entering? Are they all rich and well-bequeathed?
Canadian homes are their safe deposit boxes. They buy homes in Canada, one of the safest places in the world to protect their assets from the Chinese govt.
They walk into a casino with a suit case of dirty cash, then walk right out and it's clean, Tax free money. Then they buy a house.
No wonder locals can't afford a home. A studio apartment costs $500,000.