> Weird thing is if you look at what's going in Canadian real estate, the shitty weather is not reflected in price at all.
Some Chinese investor needing a safe heaven for their assets (and/or, in case some purge happens like with Jack Ma, for their family) that can't be seized at random by the CCP does not care at all about the weather, only about the country showing a spine to China. That is why the real estate market of Canada is so thoroughly messed up - a third of Vancouver's market, for example, was Chinese (https://www.fortunebuilders.com/one-third-of-vancouvers-real...).
Canada can get quite cold, but Vancouver is actually relatively moderate and is borderline Mediterranean due to its west coast location. Beijing gets both much colder and much hotter on a regular basis.
Also, air quality in Vancouver is significantly better than in Beijing, which would have more impact on living conditions than just climate by itself.
Some Chinese investor needing a safe heaven for their assets (and/or, in case some purge happens like with Jack Ma, for their family) that can't be seized at random by the CCP does not care at all about the weather, only about the country showing a spine to China. That is why the real estate market of Canada is so thoroughly messed up - a third of Vancouver's market, for example, was Chinese (https://www.fortunebuilders.com/one-third-of-vancouvers-real...).