Chinese investors could spend up to $1 trillion in real estate worldwide over the next ten years, reports Hibusiness (13 December 2017). According to a report by Juwai.com, China's largest property website, a large majority of that amount could be invested into Canada, with Toronto and Montreal as two of the top Canadian cities for property buyers from China, followed by third-placed Vancouver whose popularity with Chinese buyers waned slightly after the 15 percent foreign buyer tax was implemented in British Columbia. Juwai.com COO Sue Jong further revealed that Chinese property investment in Vancouver had grown 845 percent during the last five years. “Our forecast suggests 2017 will also be one of the top three years on record,” said Jong. “Chinese investors are still underinvested globally. Almost as a rule – and certainly in Australia, U.S., U.K. and Canada – investors from other nations hold a much greater share of local property and other assets than do those from mainland China.”
