1 in 3 vancouver homes go to chinese buyers

1 in 3 sales of Vancouve homes in 2013 went to Chinese buyers, according to one agency.

33.5 per cent of single-family Vancouver homes sold by Macdonald Realty Ltd., based in British Colombia, went to either recent immigrants or Canadian citizens originating from the Chinese mainland. Asian buyers spent in typically big sums - an average purchase of more than CAN$2m - although Dan Scarrow, Vice-President of corporate strategy at Macdonald Realty, told The Globe and Mail