Despite rising real estate prices in Toronto or Vancouver, Canadian property is still considered a bargain for Chinese buyers, reports (23 December 2016). Prices in mainland China are soaring so much that average prices for new homes surged as much as 30 percent in China's richest cities during the first three quarters of 2016. “Property is the preferred asset class for Chinese people. Only 15 percent participate in the stock market,” explains Matthew Moore, President of the Americas at, a property search engine that lists real estate around the world for Chinese buyers.