A company flag and the Chinese national flag fly outside the headquarters of Anbang Insurance Group in Beijing, China, February 23, 2018. REUTERS
TORONTO: Chinese investment in Vancouver commercial property from companies such as Anbang Insurance Group Co has slumped amid a flood of regulations, with investors looking to Toronto instead.
Asian investments in Vancouver fell to almost C$350mil (US$260mil) in 2018, a drop from the C$1bil-plus that hit the market in each of the two prior years, according to data from CBRE Ltd.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
