Amongst my colleagues, the words Chinese buyer are pretty common now.
The big question is why?
The slumping Yuan, the real estate value which has soared and become practically unreachable in their country and the desire to invest their wealth in properties overseas for their family to travel, study and work are all factors. Other important factors are the recently announced direct flight from Shanghai to Montreal as well as the new added tax for foreign investors in Vancouver thus maing them turn to Quebec for investing. The targeted countries are the United States, Canada, Australia and England.
According to Fang Holdings, buying properties overseas will increase 130% this coming year. Last year, Canada was the largest targeted country for Chinese investors in America. From 2010 to 2015 $93 billion was invested in real estate! (Asia Society and Rosen Consulting Group).
This could just be the tip of the iceberg as analysts speculate that Chinese real estate investments will swell to $220 billion by 2020 from $80 billion in 2015 globally according to Juwai.com.