Foreign investors, including those from Hong Kong and mainland Chinese, largely stayed out of commercial real estate in Vancouver, Canada’s second-largest investment market, in the first half of 2019 amid sinking home prices in the city.
“Market participants seemed to be waiting for the next shoe to drop. With single-family homes and commercial properties competing for land, the thinking is that the decline in residential prices will bring down land values, and in turn bring down commercial…
Source : South China Morning Post
Read more…Hong Kong, China investors hold fire over Vancouver commercial property, but prices unlikely to crash, analysts say
