A recent report from Juwai.com revealed Chinese buyers spent over US$100 billion on overseas real estate, reports Vancouver Sun (5 July 2017). According to the report, Canada is the fifth most popular investment destination, behind the the US, Australia, and Hong Kong. The Juwai report also stated that outbound investment in 2017 should be another near-record year on par with 2015, albeit with slightly less flows compared to 2016. "Despite its torrid pace of overseas acquisitions in the last decade, China has been buying for such a short period of time that its investors have only accumulated a relatively small stock of overseas property and other foreign assets,” said the Juwai report.