{"id":2172,"date":"2016-06-02T10:01:11","date_gmt":"2016-06-02T17:01:11","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=2172"},"modified":"2016-06-02T09:54:24","modified_gmt":"2016-06-02T16:54:24","slug":"chinese-investment-in-real-estate-to-expand-further","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/06\/chinese-investment-in-real-estate-to-expand-further\/","title":{"rendered":"Chinese Investment in Real Estate to Expand Further"},"content":{"rendered":"<p style=\"text-align: justify;\">As one of the most active foreign purchasing populations in Canadian real estate markets, Chinese buyers and investors are showing no signs of slowing down any time soon\u2014a notion that has been strengthened by the recent statements of an industry executive.<\/p>\n<p style=\"text-align: justify;\">In an article published on the CENTURY 21 Canada website, broker Randy Ramadhin reported that the CEO of the Chinese overseas property directory Juwai.com, Charles Pittar, expressed confidence at the continuous expansion of Chinese investment in Canadian housing this year.<\/p>\n<p style=\"text-align: justify;\">\u201cIn total last year, Chinese buyers made inquiries to property sellers like agents and developers worth US$14.9 billion. Not every one of those would have converted into a sale, but the number does give you a sense of the scale of Chinese interest,\u201d Pittar said.<\/p>\n<p style=\"text-align: justify;\">\u201cToronto is the most popular Canadian city for Chinese buyers, although I think sometimes Vancouver feels like it is the leader,\u201d he added.<\/p>\n<p style=\"text-align: justify;\">Apart from Canada\u2019s two most in-demand metropolitan markets, other locales would also enjoy a windfall from sustained Chinese interest, Pittar stated.<\/p>\n<p style=\"text-align: justify;\">\u201cWe see buyer interest spreading across the country. The traditional gateways are still important destinations for buyers and immigrants, but the rapid growth of buyer interest in Montreal shows that city is succeeding in attracting some of this investment,\u201d he argued.<\/p>\n<p style=\"text-align: justify;\">\u201cBarring any big changes in the environment, we expect Chinese investment in Canadian real estate to increase in 2016, and the impacts of that investment to be spread more widely as these buyers move into new markets,\u201d Pittar concluded.<\/p>\n<p style=\"text-align: justify;\">Recent figures back up these claims : In 2015, Quebec saw an astounding 348% growth on a year-over-year basis in buyer inquiries coursed through Juwai.com. Meanwhile, Ontario experienced a 143% increase in this metric over the same period.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/chinese-investment-in-real-estate-to-expand-furtherexec-208173.aspx\" target=\"_blank\">Chinese Investment in Real Estate to Expand Further <\/a>by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As one of the most active foreign purchasing populations in Canadian real estate markets, Chinese buyers and investors are showing no signs of slowing down any time soon\u2014a notion that &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/06\/chinese-investment-in-real-estate-to-expand-further\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2172","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese Investment in Real Estate to Expand Further &#8226; 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