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Montreal becomes hot spot for Chinese real estate shoppers

Normand Hamel

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Foreign buyers taxes in Vancouver, Toronto may be cooling interest, report says

Ross Marowits · The Canadian Press

Montreal was the hot Canadian real estate market for Chinese nationals last year as interest slipped in Toronto and Vancouver, following the introduction of foreign buyers taxes, says a report from a website for buyers of overseas properties. Juwai.com said Chinese buyers inquired about $1.45 billion US worth of Canadian properties in 2017. Interest in Montreal grew by 84.5 per cent in 2017 and 43.3 per cent a year earlier. Consideration of properties in Canada's largest city dropped by 25 per cent in 2017 after nearly doubling between 2015 and 2016.

Canada is the second most popular emigration destination for high net-worth Chinese, with 64 per cent having already migrated or planning to move overseas. Nearly 90 per cent of Chinese interest came from 153 cities in China, led by Beijing and Shanghai. Almost seven per cent lived in Canada. Ontario attracted the most interest with inquiries for $500 million US worth of properties. The top four cities were Toronto, Ottawa, Waterloo and London.

That was followed by British Columbia at $328 million US with Vancouver leading, followed by Victoria, Richmond and Kelowna. Quebec attracted views of $112 million US of properties. The largest interest was in Montreal and then Lachenaie northeast of Montreal, Laval and Westmount. Inquiries in Alberta increased almost nine per cent last year, worth $56 million US, after increasing by 223 per cent in 2016.


Edited by mtlurb
Enlever formatage illisible.
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  • 3 months later...

lol, le tweet de McGill Immobilier avec ce qui semble être un mafioso chinois ?


MONTRÉAL CONTINUE DE SÉDUIRE LES CHINOIS ?? En un an, le nombre d’investisseurs non résidents chinois ▶︎+64,5% ? McGill immobilier / McGill Real Estate http://www.mcgillimmobilier.com  ? Engel & Völkers Montréal Québec http://www.montreal.evcanada.com 


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