Rolex AD Vancouver

[SMD]

Originally Posted by Louis (Toronto)

A lot of foreign money has been coming into Vancouver over the past few years and this has caused the real estate prices to increase at a dramatic rate so much so that the government has had to step in and add a foreign buyers tax to cool down the housing market. Lots of money in Vancouver recently and lots of disposable income - no excuse why the AD should play games like this. The Canadian dollar is also weak relative to the US making Canada one of the cheapest countries to buy a Rolex now. This will all change if the Canadian dollar strengthens.

Foreign money in Van has been going on for decades. This goes back before HK was handed back to China. Just drive through Richmond. Dollar is relatively weak (compared to when the Fed was doing QE). But there is still 13% tax in BC that you cannot get back. Because of that, and the lack of supply at most Canadian ADs, Europe will continue to a better bet.