The World Journal is a daily Chinese language newspaper serving overseas Chinese in North America. The newspaper has its headquarters in Whitestone, Queens, New York City and is published in major cities containing large Chinese-speaking populations. These include Atlanta, Chicago, Boston, Los Angeles, New York, San Francisco, Houston, and Washington, D.C. in the United States as well as Toronto and Vancouver in Canada.
VMD of Vancouver Condo Info tells us today's headline, in big, bold letters state: "Vancouver Chinese New Year RE Sales Plummet 70%"
This follow's yesterday's headline from a local Vancouver Asian paper that screamed: 70% Drop in Home Sales Since Chinese New Year.
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.”
One final thought.
Why is it we are reading about these stunning Vancouver real estate statistics exclusively in the Asian language press and not in the English speaking press?
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