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MAC Marketing fakes Chinese investors in Vancouver

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PatrickGunville | 21 Aug 2013, 06:31 AM Agree 0
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Marketing firms are now posing as fake Chinese buyers in order to fuel the hype of non-existent, foreign demand. That's right, demand for Vancouver housing is tapering, save only for a brief uptick as buyers with locked-in low interest rates were cashing in before they expired. Rates will continue to climb, sales will continue to diminish, and the looming CMHC debt-limit ceiling has almost been reached. Marketing firms are desperate, and clearly this is a last-ditch attempt at trying to spark some interest in our vast over-supply of condos.
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