Asian Influence
Date Submitted: 07/19/2002 06:44:48
Category: / Law & Government / Government & Politics
Length: 1 pages (249 words)
Category: / Law & Government / Government & Politics
Length: 1 pages (249 words)
Commentary on the article: Asian looking again at
BC Commercial real estate
In the beginning of the last year, Taiwanese and Singaporeans came to Vancouver with a lot of money
looking for prospects in the real estate market. These business people were looking for
rental building, which were the "hot ticket" in real estate according to Vancouver relater John Gee
The part of the city, which is attracting these buyers, is the West End of
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include low vacancy rate, low interest rates, and a
future increase in the cost of rent. For investors who want security and a modest return the commercial real
estate market offers great opportunities. On the other hand Asian investors can receive larger returns in
their homeland.
In summary, the real estate market in Vancouver provides a secure investment climate for Asian
investors, however they should be wary of the market stabilizing over the short term.
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