The interesting parts about foreign buyers is that the best story always seems to highlight the super rich, but its not like mansions are the only things going up in price.
I'm sure that a price increase in land results in a "rising tide" effect for all homes, but because someone is willing to spend 64M on a mansion, does it mean condo's should be worth more too?
The city is pretty, but there aren't exactly a massive pile of high paying jobs, nor do we have much of an economy beyond resource extraction, satellite offices, etc.
I'm sure that a price increase in land results in a "rising tide" effect for all homes, but because someone is willing to spend 64M on a mansion, does it mean condo's should be worth more too?
The city is pretty, but there aren't exactly a massive pile of high paying jobs, nor do we have much of an economy beyond resource extraction, satellite offices, etc.