Property rentability is a major factor for 51 percent of Chinese buyers in Canada, according to a new report from Juwai.com and Sotheby’s International Realty, reports BuzzBuzzHome (2 November 2017). “Whether or not they plan to rent the property themselves, Chinese buyers want to ensure that it is rentable because it’s an indication of the quality of the property,” said Byron Burley, Juwai North American Head of Sales. School quality, safety, and proximity to transit are also factors they take into account when investing in Canada's real estate market. Burley further shared that Chinese buyers are now looking at alternative markets in Canada, due to foreign buyer taxes. “Markets like Calgary, Victoria and Montreal are becoming more appealing to buyers who want to make an investment, but may be priced out of Vancouver,” said Burley.
