{"id":8439,"date":"2018-03-07T15:15:50","date_gmt":"2018-03-07T23:15:50","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=8439"},"modified":"2018-03-03T10:37:28","modified_gmt":"2018-03-03T18:37:28","slug":"canada-3rd-popular-real-estate-hotspot-chinese-homebuyers","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/03\/canada-3rd-popular-real-estate-hotspot-chinese-homebuyers\/","title":{"rendered":"Canada was The 3rd Most Popular Real Estate Hotspot for Chinese Homebuyers"},"content":{"rendered":"<p style=\"text-align: justify;\">Canada continued to be a favourite investment destination for Chinese homebuyers last year, despite foreign buyer taxes in BC and Ontario.<\/p>\n<p style=\"text-align: justify;\">According to international listing website Juwai.com, in 2017 Canada was the third most-viewed country for Chinese investors buying property abroad \u2014 the US took the top spot, followed by Australia.<\/p>\n<p style=\"text-align: justify;\">In the first half of 2017, Chinese buyer interest in Canadian property grew 30% year-over-year, according to Juwai.com\u2019s latest report, published on Wednesday.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile some Chinese buyers gravitated towards the US \u2014 especially nearby Seattle \u2014 Chinese demand for Canada held steady over the past 12 months, likely thanks to its top-notched education and lifestyle appeal,\u201d reads the report.<\/p>\n<p style=\"text-align: justify;\">Juwai.com also tracked the top countries for Chinese buyers by enquiry in 2017, but Canada did not make the top three. Instead, Thailand took third place, following the US and Australia.<\/p>\n<p style=\"text-align: justify;\">When broken down by the most site views in Canadian cities, Toronto nabbed first place in 2017 \u2014 despite a 15% non-resident speculation tax introduced for Ontario\u2019s Greater Golden Horseshoe region in April 2017.<\/p>\n<p style=\"text-align: justify;\">Vancouver was the second-most viewed, followed by Montreal and Calgary \u2014 all unchanged from 2016.<\/p>\n<p style=\"text-align: justify;\">But will Canada remain an investment destination for Chinese buyers in 2018?<\/p>\n<p style=\"text-align: justify;\">Although a new national mortgage stress test came into effect on January 1st, and interest rates are expected to rise this year, Juwai.com says overseas investors might continue to enter Canada\u2019s housing market.<\/p>\n<p style=\"text-align: justify;\">\u201cAfter all, with home prices predicted to cool significantly this year due to this combo of stricter mortgage rules and raised interest rates, aspiring homebuyers who have been sitting on the sidelines could possibly be tempted to get back into the fray, including the Chinese,\u201d reads the report.<\/p>\n<p style=\"text-align: justify;\">BC could experience the opposite outcome, as the provincial government recently announced that its foreign buyer tax is increasing from 15% to 20%.<\/p>\n<p style=\"text-align: justify;\">As a result, Juwai.com says Chinese buyers might turn their interest to other parts of the country, such as Montreal and Ottawa.<\/p>\n<p><a href=\"http:\/\/news.buzzbuzzhome.com\/2018\/03\/canada-hotspot-chinese-homebuyers.html\" target=\"_blank\" rel=\"noopener\">Canada was The 3rd Most Popular Real Estate Hotspot for Chinese Homebuyers in 2017<\/a> by Kerrisa Wilson | Buzz Buzz Home<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada continued to be a favourite investment destination for Chinese homebuyers last year, despite foreign buyer taxes in BC and Ontario. According to international listing website Juwai.com, in 2017 Canada &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2018\/03\/canada-3rd-popular-real-estate-hotspot-chinese-homebuyers\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-8439","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>Canada was The 3rd Most Popular Real Estate Hotspot for Chinese Homebuyers &#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\/2018\/03\/canada-3rd-popular-real-estate-hotspot-chinese-homebuyers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canada was The 3rd Most Popular Real Estate Hotspot for Chinese Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Canada continued to be a favourite investment destination for Chinese homebuyers last year, despite foreign buyer taxes in BC and Ontario. 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