Think prices in Toronto or Vancouver are crazy? Try looking for an apartment in Shanghai, and you’ll understand Canada’s appeal.
Chinese household debt has risen at an “alarming” pace as property values have soared, analysts say. Some Chinese, priced out of their home market, have been buying real estate in Canada. (JOHANNES EISELE / AFP/GETTY IMAGES)
By MARINA JIMENEZ Foreign Affairs Writer
Fri., Dec. 23, 2016
SHANGHAI—While Canadians complain about inflated real estate prices, try buying a home in Shanghai.
A two-bedroom unit in “Wonderful Place,” a complex of highrise towers in the city’s northeast, has no closets, a galley kitchen, a minuscule balcony crammed with clothing racks and an extra fridge in the living room…
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