A luxury home in Surrey, BC, that Citic bank says was purchased by Yan Shibiao. Bought in 2014 for C$3.18 million, it was resold in November 2016 for C$4 million. Photo: mikegrahame.com

In landmark ruling, Vancouver homebuyer is ordered to repay millions to China’s Citic Bank

Bank pursuing unpaid loan wins US$7.3m ruling - but Chinese buyer could still profit from real estate purchases

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A luxury home in Surrey, BC, that Citic bank says was purchased by Yan Shibiao. Bought in 2014 for C$3.18 million, it was resold in November 2016 for C$4 million. Photo: mikegrahame.com
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