Latest data from international property listing portal Juwai.com showed that in 2017, Canada continued to be a favoured property investment destination for Chinese home buyers despite higher foreign buyer taxes in B.C. and Ontario.
In the first half of 2017, Chinese buyer interest in Canadian real estate grew 30% year-over-year.
“While some Chinese buyers gravitated towards the U.S. — especially nearby Seattle — Chinese demand for Canada held steady over the past 12 months, likely thanks to its top-notch education and lifestyle appeal,” the Juwai report stated.
According to the same Juwai data, Canada was the third most-viewed country for Chinese investors buying foreign properties, after the U.S. and Australia.