{"id":7387,"date":"2017-11-17T10:10:12","date_gmt":"2017-11-17T18:10:12","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=7387"},"modified":"2017-11-02T15:08:29","modified_gmt":"2017-11-02T22:08:29","slug":"51-of-chinese-buyers-are-concerned-about-a-propertys-rentability","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/11\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\/","title":{"rendered":"51% of Chinese Buyers Are Concerned About A Property&#8217;s Rentability"},"content":{"rendered":"<p style=\"text-align: justify;\">When it comes to making an investment in Canadian real estate, 51% of Chinese buyers are concerned about a property\u2019s rentability, according to a new report from Juwai.com and Sotheby\u2019s International Realty.<\/p>\n<p style=\"text-align: justify;\">\u201cWhether or not they plan to rent the property themselves, Chinese buyers want to ensure that it is rentable because it\u2019s an indication of the quality of the property,\u201d Juwai North American head of sales Byron Burley tells BuzzBuzzNews.<\/p>\n<p style=\"text-align: justify;\">Burley says that, in the minds of many Chinese buyers, established neighbourhoods make for highly rentable properties. School quality, safety, and proximity to transit are all things they take into account when making an investment in the Canadian real estate market.<\/p>\n<p style=\"text-align: justify;\">Also high on the list? Low cost per square foot, which 79% of buyers surveyed listed as one of their main considerations when buying a property.<\/p>\n<p style=\"text-align: justify;\">\u201cThere has been a lot of focus on Chinese buyers purchasing luxury properties, and that\u2019s just not as much the case anymore,\u201d says Burley. \u201cFor years we were seeing buyers from cities like Hong Kong, Beijing and Shanghai spending millions of dollars. Nowadays, you\u2019re seeing Chinese parents from smaller markets, who have less money to spend but want to secure a property for their children, spending hundreds of thousands.\u201d<\/p>\n<p style=\"text-align: justify;\">Those same families may be taking their smaller budgets and looking beyond the popular Vancouver market . Last summer, the BC government introduced a 15% foreign-buyers\u2019 tax for Metro Vancouver. Burley says the tax, coupled with Vancouver\u2019s steep prices, are pushing Chinese buyers to consider other Canadian markets.<\/p>\n<p style=\"text-align: justify;\">\u201cChinese investment in Canadian property is growing nationwide,\u201d he says. \u201cMarkets like Calgary, Victoria and Montreal are becoming more appealing to buyers who want to make an investment, but may be priced out of Vancouver.\u201d<\/p>\n<p style=\"text-align: justify;\">Similarly, although new build properties remained the preference of buyers surveyed, scoring 8.33 out of 10 on a scale of consumer sentiment, there was increasing interest in resale properties, which scored 6.57 out of 10.<\/p>\n<p style=\"text-align: justify;\">\u201cAgain, when you\u2019re looking at smaller budgets, sometimes a resale property can offer a lower price, which is attractive to these families,\u201d says Burley.<\/p>\n<p style=\"text-align: justify;\">Finally, proximity to schools remained a top concern of many buyers looking to purchase property for their school-aged children. A total of 47% of respondents listed it as an important factor when purchasing a property. Last year, over 132,300 Chinese students were enrolled in Canadian schools and colleges, up 10% from 2015.<\/p>\n<p style=\"text-align: justify;\">\u201cChinese students have been coming to Canada for an international education since the turn of the century, with their numbers growing every year,\u201d CEO of Juwai.com Carrie Law told BuzzBuzzNews in an email statement.<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2017\/11\/half-chinese-buyers-consider-factor-buying-canadian-property.html\" target=\"_blank\" rel=\"noopener\">Over Half of Chinese Buyers Consider This Factor When Buying A Canadian Property<\/a> by Sarah Niedoba | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to making an investment in Canadian real estate, 51% of Chinese buyers are concerned about a property\u2019s rentability, according to a new report from Juwai.com and Sotheby\u2019s &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/11\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\/\">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-7387","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>51% of Chinese Buyers Are Concerned About A Property&#039;s Rentability &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2017\/11\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"51% of Chinese Buyers Are Concerned About A Property&#039;s Rentability &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"When it comes to making an investment in Canadian real estate, 51% of Chinese buyers are concerned about a property\u2019s rentability, according to a new report from Juwai.com and Sotheby\u2019s &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"51% of Chinese Buyers Are Concerned About A Property&#8217;s Rentability\",\"datePublished\":\"2017-11-17T18:10:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/\"},\"wordCount\":461,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2017\\\/11\\\/51-of-chinese-buyers-are-concerned-about-a-propertys-rentability\\\/\",\"name\":\"51% of Chinese Buyers Are Concerned About A Property's Rentability &#8226; 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