MURDER IN MARKHAM
Peizheng Qiu thought he could make his fortune flipping houses in Toronto. Instead he ended up strangling his business partner in the basement of a Markham mansion. A story of greed, ambition and real estate
BY STEVEN ZHOU | MAY 28, 2018
Peizheng Qiu thought he could make his fortune flipping houses in Toronto. Instead he ended up strangling his business partner in the basement of a Markham mansion. A story of greed, ambition and real estate
BY STEVEN ZHOU | MAY 28, 2018
Peizheng Qiu came from humble beginnings. He was born in 1987 in the province of Jiangsu in eastern China. His parents ran a gas station and, after some modest success, made enough money to open a small clothing factory. Business was inconsistent and often slow, but by 2008, they’d saved enough money to send their only son to live in Canada. They hoped he could make something of himself.
In China, where social mobility is limited, members of the lower middle class can only move up in the world with the help of people who can provide favours, referrals and patronage. The Chinese have a term for these social networks: guanxi. Many mainland Chinese families, including Qiu’s, believe the best way for their children to improve their social status and elevate their guanxi is to learn English, and obtain degrees from Western universities and colleges. There are more than 132,000 Chinese students currently enrolled in Canadian post-secondary institutions, making up nearly a third of foreign enrolment in the country.
When Qiu arrived in Toronto, he started a two-year ESL program, then enrolled in a two-year business accounting diploma at Centennial College. Qiu didn’t much care for his coursework, and he turned in a lacklustre performance—he graduated with a paltry 2.04 GPA. But his parents were still sending him money each month, and he needed to find a way to stand on his own, so he wouldn’t have to rely on their largesse. He wanted to make them proud. “My father wanted me to try something on my own,” he later said. “He said to me that as a man, I needed to be trained in running my own business.” After he graduated, he used some money from his parents to open a store called I-Flooring, located in a strip mall near Woodbine and Steeles, and serving a mostly Chinese-Canadian clientele. He eventually had 10 people working under him—five full-time and five on contract.
The stress of the job wore on Qiu. He had no administrative experience, and despite his Centennial diploma, he had no idea how to run a business. Between paying his employees, covering rent and buying supplies, he was barely turning a profit. Reluctantly, he continued to depend on his parents to cover a significant portion of his monthly expenses. He got to the point where he felt waves of anxiety every time he entered his own shop. He needed to find another way to make money.
Xiao Xuan Long Yu, who went by the English name Bertram, was also seeking his fortune. A year younger than Qiu, Bertram was the son of a wealthy and prominent lawyer in Shenzhen, a major city in southeastern China, and one of the country’s biggest financial and commercial hubs. His parents had financed his immigration to Canada, putting him up in a luxury unit at the C Condos tower at Yonge and Finch. He liked to splurge on fancy cars: he drove a Ferrari 458, which sells for around $250,000, and previously owned a Maserati and BMW. Like Qiu, he was hoping to free himself from his parents’ support and make it on his own in Canada. He was smart and charming, with a strong command of English, and he probably could have landed a good job, but Bertram was ambitious. He wanted more than a steady paycheque. He wanted to run his own business.
Bertram Yu, the son of a wealthy Chinese lawyer, lived in a luxury condo and splurged on fancy cars
Bertram met Qiu at Centennial, where he too was studying business accounting. On the surface, they were polar opposites: where Qiu was modest and shy, Bertram was flashy and stylish, with side-swept bangs, thick-rimmed black glasses and an affinity for dramatic scarves. Qiu seemed to admire and resent Bertram’s inherited wealth, and sought to rise to the same level. By 2014, they’d decided to pool their resources and break into the one business that seemed like a sure thing in Toronto: real estate.
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