The global luxury goods market is somewhere around US$300 billion if you exclude fancy cars. And in just 4 years, global luxury spending has flipped from over 60% of it being in Europe and the Americas, to now over 60% of it being in Asia… Read More
UBS and PwC’s recent report on billionaire wealth highlights some interesting trends about the global economy and global wealth. Billionaire wealth in mainland China is now second to only the United States, having grown by about 1146% from 2009 to 2020, compared to 170% in… Read More
I came across this Hong Kong apartment listing earlier in the week. Sai Ying Pun is the neighborhood. HK$9.8 million = C$1,554,833 based on today’s exchange rate (1 CAD = 6.30293 HKD). At 432 square feet (net), that’s C$3,599 psf. But I have also been… Read More
https://500px.com/embed.js After I wrote this week’s post about Chinese homebuyers in Vancouver, I was surprised to learn about the racism debate that flared up in the city / on Twitter. I guess this really is a touchy subject. (See: #donthave1million) My reaction to the research was:… Read More
https://500px.com/embed.js It’s raining this morning in Toronto. The sun really hasn’t come up and out yet. And I’m spending the morning drinking coffee and reading a City Journal article from this past summer called “Hongcouver.” The article talks about how the Chinese – first from Hong… Read More
BRANDON DONNELLY 