#vanre "a Chinese company known for building a giant resort development in Qingdao on China's east coast ... describes its Vancouver property alongside its resort, luxury condo and villa real estate projects in Qingdao, Chengdu, Beijing and Hong Kong."

#vanre @Phanyxx "Today’s graphic, using data from the annual Global Wealth Migration Review, maps the migration of the world’s millionaires, and clearly shows which countries are magnets for the world’s rich, and which countries are seeing a wealth exodus"

#vanre @davidjmadden "Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need."

#vanre @EvanBDuggan "housing sales and values are clearly now in reversal, and it appears that the tap from Asian investors into commercial property is also starting to close ... a drop from the more-than $1 billion ... in each of the previous two years"

#vanre @Naoibh At least they got the #EastVan crows right in this architectural drawing, must be just before dusk heading east.  @Lazin_Ryder "Proposals for two 14-storey rental buildings for the corner of East Hastings and Kootenay."

#vanre @Naoibh Will there be a Kits-like backlash here...? "20% secured for moderate income households earning between $30,000 and $80,000 a year. The rezoning application for the 14-storey mixed-use building includes 94 residential rental units."

#vanre @j_mcelroy "'I think it's in everyone's interest to have that area develop,' said Wong, citing the size of the property and incoming Millennium Line extension along Broadway — which would likely have a station within a block of the [Kingsgate] mall"

#vanre @EvanBDuggan “capital coming out of China real estate is down about 90% ... But there is a lot of Chinese capital outside of China already sitting in Hong Kong, Malaysia, London, and Singapore — finding its way in (to markets like Canada).”

#vanre "Lisa Sun paces around the mansion she’s been hired to sell by its wealthy Chinese-Canadian owner. The family’s had it with the new taxes and what it sees as increasing hostility to Asian capital ... last year the home would have easily sold."

#vanre "One flyer offers a 368-square-foot unit at $515,000. 'Transfer at original price,' it reads in Chinese. Last year, it would’ve fetched as much as $800,000, says Jerry Huang, a realtor with Nu Stream Realty Inc. 'That’s an insane deal,' he said."

#vanre "Sun doesn’t think [the] market is going to come back to its highs ...'Why would they come here and pay all that tax and feel like a criminal?' The Lamborghini & Rolls-Royce in the garage, relatively unused for 3 years, also need to be dealt with."

#vanre @natalieobiko @natalexisw “'I’ve been through only the peak, never the low,' said Sun. It’s a far cry from the frenzy of a few years ago when the city was at the center of a global property boom. Prices more than doubled in the decade through 2016."

#vanre @jhainswo "The extent of money laundering in real estate remains unknown, but anti-financial crime advocacy group ... suggests tens of billions of dollars of criminal proceeds could be washed in the Toronto and Vancouver markets annually."