Yes, the Canadian Mortgage and Housing Corporation is helping to get homes built in China. If you’re frustrated with house prices here, maybe you should pick up a brand new high end 3000 – 5000 square foot home in Northern Beijing for around $300k.
As part of a little-known mandate to promote Canadian construction companies internationally, the federal housing agency helped local companies including Kryton International, a Vancouver-based concrete waterproofing provider, and local architectural firm Ekistics Architecture secure contracts in a $300-million residential development designed as a high-end, mini-Vancouver neighbourhood — with hundreds of planted trees — in northern Beijing.
Vancouver Forest, located 30 minutes from Beijing’s international airport, is being built in phases by China’s Beijing Capital Group.
The ongoing project, which was designed by B.C. architects and uses B.C. building materials including wood construction, will feature 900 Vancouver-style single detached homes ranging in size from 3,000 to 5,000 square feet on a 549,000-square-metre site that includes many natural landscape features.
It’s just one of many Chinese construction projects that CMHC has helped local companies get involved in.