Home prices in Montreal is on the rise but Chinese buyers are not the main factors driving this price surge, reports Global News (14 July 2018). Data from the Greater Montreal Real Estate Board (GMREB) shows that home prices on Montreal increased nearly 10% in each of the past three months – faster than the growth seen over the last two years. International investor interest has been piqued as well, with Juwai.com revealing that Chinese enquiries for Quebec property has increased 66.4% and 37.6% in 2016 and 2017, respectively. Juwai further shared that most Chinese were keen to invest in Quebec for own use or investment. While Chinese buyer interest in Montreal is flourishing, they are not the main reasons driving the price hike though, says Desjardins economist Helene Begin, who points towards local Quebecers living in Montreal as the true drivers of the price increase.