BC genuine estate companies join Christy Clark on trade goal to Asia
Representatives of dual genuine estate companies are travelling with a B.C. Premier on a trade idea to Asia, lifting questions about a optics of a viewed partnership during a time when many are job for an finish to unfamiliar genuine estate investment.
The B.C. government lists more than 60 companies holding partial in a trade idea to Korea, Japan and a Philippines as partial of a province’s plan to emanate some-more general trade partners.
Listed among those companies are dual genuine estate brokerages Nu Stream Realty and Sutton West Coast Realty.
This news comes weeks after realtors in Vancouver came underneath doubt for advertising property information in China, before a same event to buy was advertised in Canada.
Information about B.C. properties for sale — translated into Chinese from a Multiple Listing Service used by agents —was published through a Shanghai-based association to give clients a burst on bidding, according to a Victoria Times Colonist news on Apr 13.
Concern over unfamiliar collateral and genuine estate
“It’s bad optics,” pronounced University of British Columbia business professor Tsur Somerville.
“At a time when people in a Lower Mainland are really endangered about a border to that unfamiliar collateral is pushing adult prices here and contributing to affordability options, it seems a small bit politically dicey to take [brokerage] firms … along on a outing to Asia.”
The trade idea is not visiting China.
One of a companies, Nu Stream Realty, pronounced it is on a trade idea to foster a blurb genuine estate division.
“This outing is especially a blurb purpose. So we don’t do any graduation for a residential side,” pronounced Anna Zhang, a company’s executive clamp boss for blurb division.
She pronounced one instance of a idea of a outing is to find investors for construction projects in B.C.
“We wish to foster B.C. and Vancouver quite as a good place to do business … we wish to attract some-more abroad investors,” pronounced Zhang, who pronounced there are 100 agents in the four-month-old company.
“I am certain it is not a supervision [of B.C.] profitable for it,” Zhang confirmed.
CBC News reached out to Sutton West Coast Realty, though a association has not responded.
In a created statement, a range pronounced companies request to take partial in a trade idea and compensate their possess approach on a trip.
“While genuine estate is not a specific attention zone of concentration on a mission, companies in a attention might have an seductiveness in joining with unfamiliar companies that intend to settle a participation in Vancouver and will need information on site selection, leasing bureau space, etc.,” a matter said.
The range did not respond to questions about how companies comparison for a outing are selected.
