Second Generation of Rich Mainland Chinese

 Second generation of riches are generally around teenage to late twenties, and they are buying luxious properties in Vancouver, from Condo to Houses. They parents can be millionairs or billionairs in China; 40% of which has immigrated to foreign countries. New immigration wave of mainlander Chinese to Canada, especially Greater Vancouver region can be long lasting, compared to the last immigration wave around 1996-1998 by the Hong Kong people. China is predicted to have the same GDP as the States in 2020, thus, more wealth accumulations is well expected.

The slowed down market in April can be a temporary phenomenon.

 

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