Chart of the Day: “China Growth Sets Vancouver Home Prices”
Appropriately, the Bloomberg ‘Chart of the Day’:
The CHART OF THE DAY shows the relationship between growth in China’s gross domestic product and home prices in metropolitan Vancouver, Canada’s most expensive city, where Statistics Canada data show 15 percent of the population has a first language that’s a Chinese dialect.
The most recent Chinese data signal Vancouver may get fresh support from across the Pacific Ocean. Annual growth in Asia’s largest economy was 7.9 percent in the fourth quarter, up from 7.4 percent in the prior quarter, marking the first acceleration in two years, the National Bureau of Statistics said Jan. 18 in Beijing.