Cash-rich Chinese opt for Seattle, Toronto homes after Vancouver slaps 15% housing tax
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Toronto
JUST a few days after Vancouver announced a tax on foreign property investors, Seattle real estate broker Lili Shang received a WeChat message from a wealthy Chinese businessman who wanted to sell a home in Canada and buy in her area.
After a week of showings, he purchased a US$1 million property in Bellevue, across Lake Washington from Seattle. He soon returned to buy two more, including a US$2.2 million house in Clyde Hill, paid for with a single cashier's cheque.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
