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They’ve come to buy recreational property, buy cheap gas and dairy products, and drink way too much beer at The Breakers and Kiniski’s Reef Tavern on the Strait of Georgia waterfront. backwater of Point Roberts, Wash., has been overrun by foreigners — Canadians.Yihong visited Zhu and “fell in love with Point Roberts” and the two teamed up in May 2015 to buy Point Roberts Marina for million, with Yihong owning a 90-per-cent share, Knowles said.

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As Knowles tells it, the new wave of investment started five years ago when a Chinese lawyer friend of his in Vancouver put him in touch with Beijing businessman Gao Zhu, who went on to acquire 51 per cent of Seabright Farm, a relatively pricey strata project being developed by Knowles and another business partner, Seabright consists of 62 building lots on 25 hectares on a bluff with ocean views, swimming pool and fresh vegetables for your dinner.

Knowles said that Zhu is a friend of Beijing billionaire Chen Yihong, chair of China Dongxiang, a sportswear company boasting the popular Kappa-brand products in China and Japan.

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The 17,000-square-foot facility, built in the late 1990s, is proposed for expansion to 37,000 square feet as part of the $15-million development of the 30-room Blackfish Resort — offering much-needed accommodation on the peninsula, complete with a spa and restaurant dining, styled after Tofino’s Wickaninnish Inn.

The dream of Steve O’Neill, a carpenter, is not new.

“It’s taken a long time, but it certainly is moving forward.” Whether all these good intentions change the face of Point Roberts forever or are simply more bumps on a sleepy country road remains to be seen.

Dean Jones, owner and CEO of Realogics Sotheby’s International Realty in Seattle, said he is not surprised Point Roberts is starting to catch the attention of Chinese investors.

It can take two years to buy or sell a property, simply because prices fluctuate little and no one has a sense of urgency.

A sampling of recent property sales include: US4,900 for an 800-square-foot home, built in 1955, with beach rights; 9,500 for a 3,420-square-foot home, built in 1993, on Marine Channel; and US

The dream of Steve O’Neill, a carpenter, is not new.“It’s taken a long time, but it certainly is moving forward.” Whether all these good intentions change the face of Point Roberts forever or are simply more bumps on a sleepy country road remains to be seen.Dean Jones, owner and CEO of Realogics Sotheby’s International Realty in Seattle, said he is not surprised Point Roberts is starting to catch the attention of Chinese investors.It can take two years to buy or sell a property, simply because prices fluctuate little and no one has a sense of urgency.A sampling of recent property sales include: US$164,900 for an 800-square-foot home, built in 1955, with beach rights; $649,500 for a 3,420-square-foot home, built in 1993, on Marine Channel; and US$1.18 million for an architecturally designed 1,833-square-foot home, built in 1995, on a waterfront bluff overlooking the Strait of Georgia.“Waterfront or view properties have gone up a little,” said Rusk.And few people would complain if development spurred an increase in property values, which have stagnated compared with the soaring values in recent years in Metro Vancouver.

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The dream of Steve O’Neill, a carpenter, is not new.

“It’s taken a long time, but it certainly is moving forward.” Whether all these good intentions change the face of Point Roberts forever or are simply more bumps on a sleepy country road remains to be seen.

Dean Jones, owner and CEO of Realogics Sotheby’s International Realty in Seattle, said he is not surprised Point Roberts is starting to catch the attention of Chinese investors.

It can take two years to buy or sell a property, simply because prices fluctuate little and no one has a sense of urgency.

A sampling of recent property sales include: US$164,900 for an 800-square-foot home, built in 1955, with beach rights; $649,500 for a 3,420-square-foot home, built in 1993, on Marine Channel; and US$1.18 million for an architecturally designed 1,833-square-foot home, built in 1995, on a waterfront bluff overlooking the Strait of Georgia.“Waterfront or view properties have gone up a little,” said Rusk.

And few people would complain if development spurred an increase in property values, which have stagnated compared with the soaring values in recent years in Metro Vancouver.

||

The dream of Steve O’Neill, a carpenter, is not new.

“It’s taken a long time, but it certainly is moving forward.” Whether all these good intentions change the face of Point Roberts forever or are simply more bumps on a sleepy country road remains to be seen.

Dean Jones, owner and CEO of Realogics Sotheby’s International Realty in Seattle, said he is not surprised Point Roberts is starting to catch the attention of Chinese investors.

It can take two years to buy or sell a property, simply because prices fluctuate little and no one has a sense of urgency.

.18 million for an architecturally designed 1,833-square-foot home, built in 1995, on a waterfront bluff overlooking the Strait of Georgia.“Waterfront or view properties have gone up a little,” said Rusk.

And few people would complain if development spurred an increase in property values, which have stagnated compared with the soaring values in recent years in Metro Vancouver.

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