City Officials Struggle To Fend Off "Unstoppable Juggernaut" Of Chinese Homebuyers

As we've pointed out timeand time again, foreign - mainly Chinese - buyers seeking to park their ill-gotten gains beyond the reach of the Communist Party have - in addition to global capitals like New York City and London - favored a handful of cities in the Pacific Northwest, as well as Australia and New Zealand.

Many of these cities - for example, Vancouver - have seen property values rise to levels that are unaffordable for local buyers.