World Economy
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Canadian Ghost Town Sold

Canadian Ghost Town SoldCanadian Ghost Town Sold

A ghost town in Canada’s westernmost wilds has been sold to a Chinese real estate developer who intends to bring it back to life, AFP said. China Zhong Ya Group Hebei Canada-China Co. beat out bidders from around the world, real estate agent John Lovelace said in a statement. The sale of Bradian, 230 kilometers north of Vancouver, closed on December 29, 2014. It includes 22 homes, vacant lots, streets and fire hydrants on 50 acres. “The company told us they plan to rehabilitate the town but I think they are prepared to take the time to plan everything out first,” Lovelace said. “That planning process will undoubtedly take considerable time.”

Financialtribune.com