Foreign property investors are always a great thing to be looking at, especially when it comes to Canada. Since our dollar has been relatively weak as of recent, it helps that we have Chinese investors coming or to look at properties. Foreign demands for properties around our region have resulted in price increases, as well as creating multi-million dollar homes in an abundance of cities (much like Vancouver). When you look at Juwai.com, which is a property search engine built to be used by Chinese buyers, the amount of terms related to Canadian real estate properties surged higher by around 134%. The sheer popularity alone is enough to understand how much Chinese buyers love Canadian real estate. When you look at the amount of interest being sported, it looks like Chinese investors are looking to move their money abroad. The current economy of China is somewhat unstable, and large investors could be avoiding potential risks by moving everything over here. The stock market is also quite volatile in China, and even government officials are locking down the reigns of capital flight. Juwai conducted a survey and found that around a 55% increase in international property purchases is expected.
Vancouver and Toronto are the main areas to be looked at in this situation, but Canada as a whole is a pretty large target. If there aren’t any drastic changes in the way things are going, we can expect to see a major increase in the amount of Chinese investors purchasing Canadian real estate. As time progresses, we can only expect to see more and more of these moves being made. If the government of China takes it upon themselves to loosen their grip on capital, we’ll definitely see a huge increase in the number of foreign investors buying property within Canada. Australia and the United States are other regions that should be expecting a large surge of investments, specifically, as the year moves along. 2016 is the year of real estate investments, be it of the foreign or local variety.