http://news.nationalpost.com/homes/bc-real-estate-boom-wealthy-chinese-buyers

As we know,Vancouver is a very beautiful city which is located on the west coast of Canada.The climate here is pleasant all year round.People who live in this city can enjoy fresh air and good environment all the time.As a consequence,Vancouver has ranked among one of the most livable cities in the world for many years and many Chinese businessmen chose to invest here.
According to Wall Street Journal,Canada owns the world’s most expensive real estate and Vancouver has the highest housing price in Canada.In recent times ,thousands of Chinese rich people crowded into Vancouver and pushed the housing price of Vancouver to its peak.Nearly all the people feel that the housing price of Vancouver is too high and customers should wait for the housing market to calm down.However,with time goes by,customers did not obtain what they expected,the price of housing increases steadily.There are many reasons why the price of houses rises year by year.The primary reason is that low interest rates give people more chances to invest.They can get money from bank easily and do not need to worry about paying for high interest.What is more,there are always a lot of overseas investors pouring money into the Vancouver real estate market.One additional reason is that the imbalance exists between supply and demand,particularly the amount of detached houses did not increase in the last few years.Vancouver is surrounded by ocean and mountains,and it owns very rich natural resources,but the land resources are very limited.With the growing population in Vancouver,more and more people want to own a shelter,then the supply of detached houses cannot meet customers’ demands. All these reasons result in the continued growth of the housing price in Vancouver.