Evergrand default

[Old Cowzilla]

Good thing Canada has lots of factories on stand by to ramp up for China collapse ***********

[TASFarms]

China real estate appears poised for collapse . . . market factor to watch.

Is that going to spill into Canadian real estate?

[AlbertaFarmer5]

Is that going to spill into Canadian real estate?

Yes, but it could go either way. Canadian real estate has been the go to investment for those in China trying to get their money out of the country while the getting is good. That is why price has been irrelevant, faced with the option of losing it all in China ( either through government interventions, or outright collapse, vs. buying overvalued real estate in Vancouver and leaving it empty, they choose the latter.

Could turn into a tidal wave of money trying to escape, or it could dry up if the government controls are tightened effectively.

[bucket]

Even if the chinese buying stops and houses go down in value , the chinese that got their money out of China have cleaned their money. And probably got a few members of their family Canadian citizenship.

Big win for them.

[WiltonRanch]

So where does this put the Chinese ambitions of dominating the China sea and bringing their wayward children Taiwan back into the fold?