Canada's rural property scene sizzles with Chinese money
By Reuters in Richmond, British Columbia | China Daily | Updated: 2016-08-15 07:56
Tax breaks-fueled buying spree unsettles the blueberry-rich Pacific Coast market
An aging mansion sits vacant on an estate outside Vancouver, the garage overtaken by a blueberry sorter and a walk-in cooler packed with the fruit.
The owner, an investor from the Chinese mainland, leases the estate to Fred Liu at such a bargain the farmer grows blueberries in its fields even though the bottom has fallen out of the market.
Photo