“It’s hard to say what’s going to happen this year, but I expect we will see a bump in sales activity during the month of February,” said Cameron McNeil, president of project-marketing firm MAC Marketing Solutions.
McNeil said Asian buyers have been more active in the Metro Vancouver market in recent weeks than they were through the middle of 2012.
McNeil said his salespeople are seeing an increase in activity, including from Chinese buyers.
“To me, (Chinese buyers) are a leading indicator,” McNeil said. “What I mean is, when Chinese buyers are active, it is a little bit of a bellwether (for the overall market), and the Chinese are active.”
Buyers are taking their time, McNeil said, but for developments in good locations with “fair values, prices aren’t coming off and are selling very well.”
He added that locations with established neighbourhoods, good schools and proximity to rapid transit are popular
Yeah, I can see wealthy Mainland Chinese buyers consider proximity to rapid transit as being SUPER important to their buying decision.
Why take the Bentley when you can ride the Canada Line?
Maybe Mr. MacNeil is trying to get his real audience – brokeass first time home buyers – off the fence.
All weekend long, articles appeared promoting this thread.
Perhaps the best was this one over on CTV. The title of the news piece: "Year of the Snake nets condo sales: developers"
CTV takes us to the Maddox condo development in downtown Vancouver. Maddox is being marketed by MAC Marketing Solutions... yes, the same MAC Marketing Solutions from the Vancouver Sun article on Thursday.
In the Maddox display suite, CTV introduces us to two potential Asian buyers.
Chris Lee, who moved to Vancouver from China two years ago, said she and her sister are looking to buy a hip downtown condo, and now that their parents are in town for two weeks celebrating Chinese New Year, they have financial help.
“If we like this place we have to tell them and they make the decision,” Lee said. “Usually Chinese people like to buy during this time.”
Condo developers embraced the influx of offshore buyers, with some companies bringing in additional Chinese-speaking staff to help sell units.Chris does all the talking, but the two sisters are identified in the story. They Amanda Lee and Chris Lee.
See? The market is alive and well... the overseas Asians are buying again, are you going to be left out?
Not so fast though. These 'overseas wealthy Asians' might not be as 'overseas' as we have been lead to believe.
My name is Matthew Black and I'm a reporter with CBC Vancouver TV.
I 'm looking to a 'myth busting' style piece on the supposed spike in real estate sales during Chinese New Year. I was quite interested by your blog posts on this subject.
Would you be available to chat sometime today? I can be reached at 604.XXX.XXX or on my cell at 778.XXX.XXX
-Matthew Black CBC News Vancouver
If the CTV Amanda and the MAC Marketing Solutions Amanda are both one and the same, why is the media standing by while the public is blatantly manipulated by the real estate industry in this fashion?
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