Amongst my colleagues, the words Chinese buyer are pretty common now.
The big question is why?
The slumping Yuan and the real estate value which has soared and become practically unreachable are both factors for Chinese buyers. The desire to invest their wealth in properties overseas for their families to travel, study and work are all reasons as well. Another important factor is the recent announcement of direct flights from Shanghai to Montreal. To add to the mix, an added tax for foreign investors in Vancouver and Toronto are making Asian buyers 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. In 2016, Canada was the largest targeted country for Chinese investors in America. From 2010 to 2015 $93 billion were 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.