Russell Sharp North Vancouver Realtor

Happy New Year to my Chinese Clients. It is the Year of the Dragon! Vancouver Real Estate has been seen by some to be a 'micro market' favoured by Chinese investors. Julia Lau, Chinese real-estate specialist at Sotheby's International Realty believes sales are set to spike in Vancouver real estate due to the three week holiday associated with Chinese New Year. This she believes will happen in only a few neighbourhoods. Lau's clients are wealthy Chinese businessmen who set their families up in Vancouver and Vancouver West that offer multi million dollar real estate homes next to the top schools in Vancouver. Many of these investors will buy their properties remotely from China whilst sending their families over to Canada to occupy the luxury homes they have just purchased. In the first few months of 2011 there were stunning growths in sales in Vancouver real estate particularly in Vancouver West and West Vancouver and Richmond. These gains have started to wane though according to the Canadian Real Estate Association with sales slowing in December and Vancouver's average price dropping two percent to $734,766. So, keep an eye on the market after Chinese New Year!