Chinese buyers keen on Canadian properties are now looking beyond Vancouver and Toronto to cities in other provinces like Ontario, Quebec, and Alberta, reports Maclean’s (9 May 2016). According to Juwai Data, enquiries on Ontario real estate rose 143% to a total value of $11.2 billion. In Quebec, enquiries more than tripled, while Alberta enquiries grew by 70%. Next to China’s own volatile real estate markets, Juwai.com President of the Americas, Matthew Moore explains that this is because property in nearly everywhere in the Western world are regarded as ‘an island of financial sanity’ by Chinese. “The year-on-year property increase in Shenzhen, one of China’s tier-one cities, was close to 60 percent, This is about wealth preservation,” said Moore.
