Canada's Greater Toronto Area (GTA) may soon see a potential resurgence in Chinese buyers, reports Livabl_ (19 May 2018). The GTA housing market has been in a slump on the back of dwindling home sales, which is due to low prices that has seen sellers holding back from listing their properties. However, a potential comeback of Chinese could bring along a reversal, says Chinese real estate website Juwai.com, who is predicting the return of foreign real estate investors to the GTA. According to Juwai.com, although the 15 percent foreign buyers tax last April had decreased Chinese buyer enquiries by half, recent Chinese buyer activity over the past two months have shown an upward trend. Juwai.com CEO Carrie Law is also projecting a significant recovery in Chinese buying by end 2018, although not to the level seen during this same period the year before.
