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Vancouver Is Heavily Influenced by Chinese

LOS ANGELES—Vancouver is the gateway for Canada for Pacific Rim trade movement, said Mark Fieder, principal and COO of Canadian Operations of Avison Young here at a recent annual meeting.

By Natalie Dolce | Updated on September 25, 2015

LOS ANGELES—“Vancouver  is heavily influence by mainland Chinese investors both in commercial and residential real estate.” That is according to Mark Fieder, principal and COO of Canadian operations for Avison Young. It is driving prices higher, he said at a recent AY annual meeting here. “Vancouver is the gateway for Canada for Pacific Rim trade movement.”

In Calgary—being the energy centre for Canada—the collapse in oil prices is causing major economic shift at a time when the real estate development cycle has been strong, Fieder explained. There will be a tough 12 months ahead. “Layoffs have been swift.”

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