Montreal is now the second most popular pick for Chinese buyers looking to buy in Canada, reports Daily Hive (19 July 2017). Data from Juwai.com, China's top real estate portal, and the federal government's Canada Mortgage and Housing Corporation both confirmed an uptick in Chinese housing investment around Montreal. “We expect Chinese investment in Toronto and Ontario to be significant this year, although lower than in 2016,” said Sue Jong, Chief of Operations for Juwai.com. "“Looking to future years, we expect Chinese buyers to be an important and consistent part of the local real estate market as they move to, start companies in and come to study in the country,” adds Jong. A Juwai.com survey further revealed that 75.1% of Chinese invest in Canadian real estate for their own use, while 31.9% and 24.2% buy for investment purposes and quality education opportunities, respectively.
