<![CDATA[“Some buyers acquire multiple homes, one to live in and others for investment. They made their money in a variety of businesses, including mining, stainless steel manufacturing and real estate. About 10 percent of them speak English.”]]>

<![CDATA[“Some buyers acquire multiple homes, one to live in and others for investment. They made their money in a variety of businesses, including mining, stainless steel manufacturing and real estate. About 10 percent of them speak English.”]]>Anecdote extracted from ‘Chinese Spreading Wealth Make Vancouver Homes Pricier Than NYC’, by Hui-yong Yu and Christopher Donville, 17 May 2011, at bloomberg.com : “Winnie Chung, a Royal Pacific agent represented buyers or sellers in C$285 million of home sales in 2009 and 2010 combined. Chung employs eight full-time assistants and travels to China twice a year to meet potential clients. Some buyers acquire multiple homes, one to live in and others for investment, said Chung, the broker. Her clients made their money in a variety of businesses, she said, including mining, stainless steel manufacturing and real estate. About 10 percent of them speak English, she said.”

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