Realtors and Chinese investors are rushing to close property deals in Canada. Canada has to put limit for Chinese investment and a new law for foreign home buyers. Many wealthy Chinese are looking to move to Canada, or take Canada as a gate in case of trouble in China. <\/p>\n\n\n\n
![\"\"](\"https:\/\/seoagencychina.com\/wp-content\/uploads\/2023\/03\/house-Canada.jpg\")
<\/a><\/figure>\n\n\n\nThe controversial law comes into place as part of the Canadian government decide to slow down the Chinese investment. <\/p>\n\n\n\n
Vancouver currently ranks as the third most “unaffordable” city for housing in the world, behind Hong Kong and Sydney because of Chinese People. <\/p>\n\n\n\n
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ONE-THIRD OF ALL VANCOUVER HOMES SOLD IN 2015 ARE CHINESE<\/span><\/h2>\n\n\n\nNowadays, we see a lot more Canadian citizens who can\u2019t afford to buy a house in their hometown because of its price, even while they are well-remunerated. This is the case of Kevin Oke, co-founder of LlamaZoo Interactive who left Vancouver for Victoria while earning a generous salary as a lead designer at a video company whose clients included Atari and Ubisoft Entertainment SA.<\/span> <\/p>\n\n\n\nUnfortunately, he is not the only one. Lots of young people are leaving Canada\u2019s big cities because of the rise of the housing price. This move causes worries to these cities since it can struggle these places\u2019 economies, especially in Vancouver and Toronto where the housing bubble is already getting bigger and bigger.<\/p>\n\n\n\n
Chinese normally are looking for for single-family villa in premium neighborhoods like Vancouver\u2019s Point Grey or West Vancouver, which can cost on average CAD$2 Million and up. <\/p>\n\n\n\n
Chinese prefer to buy instead of paying a rent, and for theirface, having a property in Canada is “cool” . <\/p>\n\n\n\n
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CANADA\u2019S REAL ESTATE MARKET: THE CHINESE EL DORADO<\/span>? <\/h3>\n\n\n\nHow can this phenomenon be explained? Why do the ones living there can\u2019t afford to buy a house in their city? The explication is simple: Chinese investors are worried about the unstable situation of the Chinese Renminbi (RMB) and the declining economy, so their solution to preserve their savings is to send them abroad by investing in foreign real estate (Read also \u201cWhere Chinese buy overseas properties?<\/a>\u201d).<\/span><\/p>\n\n\n\n<\/span><\/p>\n\n\n\nWhy Canada? <\/span><\/h3>\n\n\n\nWhy are they choosing Canada as a destination? The first reason for such an attraction for the Canadian market is because the country\u2019s situation is considered good and safe. Canadian real estate market is comparable to the US one, and there has always been a migration move from Asia to the West coast of Canada. Since wealthy Chinese <\/a>are investing in real estate there, the prices are still going up, attracting more and more investors and thus creating an important housing bubble. <\/span><\/p>\n\n\n\nSome cities are entering a new technologic era such as Waterloo or Ontario, which also overheat the housing market.<\/span><\/p>\n\n\n\n![\"\"](\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\")
<\/a><\/figure>\n\n\n\nTo resume in some numbers:<\/span><\/p>\n\n\n\n\n- Benchmark price for a detached house in Vancouver is $<\/span>2 Million <\/li>\n\n\n\n
- One third of all Vancouver real estate purchased in Vancouver was bought by Chinese investors<\/span><\/li>\n\n\n\n
- This represents about C$12.7 billion ($9.6 billion) spent in Western Canadian cities in 2015, over a total of C$38.5 billion total sales<\/span><\/li>\n\n\n\n
- 66 per cent of detached homes in three west-side Vancouver neighborhoods within a six-month period were sold to buyers with non-Anglicized Chinese names<\/span><\/li>\n<\/ul>\n\n\n\n
The bottom line here is that Chinese investors are willing to invest a lot where their money can be safe and fruitful. As a real estate promotor, it can be very interesting to demonstrate the advantages of investing in overseas housing.<\/span><\/p>\n\n\n\n<\/p>\n\n\n\n
Douyin is the best platform to sell in China, best lead generation in China <\/strong><\/h4>\n\n\n\nDouyin is used by 80 of Top Real estate Developpers in China <\/p>\n\n\n\n
Unfortunately, he is not the only one. Lots of young people are leaving Canada\u2019s big cities because of the rise of the housing price. This move causes worries to these cities since it can struggle these places\u2019 economies, especially in Vancouver and Toronto where the housing bubble is already getting bigger and bigger.<\/p>\n\n\n\n
Chinese normally are looking for for single-family villa in premium neighborhoods like Vancouver\u2019s Point Grey or West Vancouver, which can cost on average CAD$2 Million and up. <\/p>\n\n\n\n
Chinese prefer to buy instead of paying a rent, and for theirface, having a property in Canada is “cool” . <\/p>\n\n\n\n
<\/p>\n\n\n\n
CANADA\u2019S REAL ESTATE MARKET: THE CHINESE EL DORADO<\/span>? <\/h3>\n\n\n\nHow can this phenomenon be explained? Why do the ones living there can\u2019t afford to buy a house in their city? The explication is simple: Chinese investors are worried about the unstable situation of the Chinese Renminbi (RMB) and the declining economy, so their solution to preserve their savings is to send them abroad by investing in foreign real estate (Read also \u201cWhere Chinese buy overseas properties?<\/a>\u201d).<\/span><\/p>\n\n\n\n<\/span><\/p>\n\n\n\nWhy Canada? <\/span><\/h3>\n\n\n\nWhy are they choosing Canada as a destination? The first reason for such an attraction for the Canadian market is because the country\u2019s situation is considered good and safe. Canadian real estate market is comparable to the US one, and there has always been a migration move from Asia to the West coast of Canada. Since wealthy Chinese <\/a>are investing in real estate there, the prices are still going up, attracting more and more investors and thus creating an important housing bubble. <\/span><\/p>\n\n\n\nSome cities are entering a new technologic era such as Waterloo or Ontario, which also overheat the housing market.<\/span><\/p>\n\n\n\n<\/a><\/figure>\n\n\n\nTo resume in some numbers:<\/span><\/p>\n\n\n\n\n- Benchmark price for a detached house in Vancouver is $<\/span>2 Million <\/li>\n\n\n\n
- One third of all Vancouver real estate purchased in Vancouver was bought by Chinese investors<\/span><\/li>\n\n\n\n
- This represents about C$12.7 billion ($9.6 billion) spent in Western Canadian cities in 2015, over a total of C$38.5 billion total sales<\/span><\/li>\n\n\n\n
- 66 per cent of detached homes in three west-side Vancouver neighborhoods within a six-month period were sold to buyers with non-Anglicized Chinese names<\/span><\/li>\n<\/ul>\n\n\n\n
The bottom line here is that Chinese investors are willing to invest a lot where their money can be safe and fruitful. As a real estate promotor, it can be very interesting to demonstrate the advantages of investing in overseas housing.<\/span><\/p>\n\n\n\n<\/p>\n\n\n\n
Douyin is the best platform to sell in China, best lead generation in China <\/strong><\/h4>\n\n\n\nDouyin is used by 80 of Top Real estate Developpers in China <\/p>\n\n\n\n
<\/span><\/p>\n\n\n\n Why are they choosing Canada as a destination? The first reason for such an attraction for the Canadian market is because the country\u2019s situation is considered good and safe. Canadian real estate market is comparable to the US one, and there has always been a migration move from Asia to the West coast of Canada. Since wealthy Chinese <\/a>are investing in real estate there, the prices are still going up, attracting more and more investors and thus creating an important housing bubble. <\/span><\/p>\n\n\n\n Some cities are entering a new technologic era such as Waterloo or Ontario, which also overheat the housing market.<\/span><\/p>\n\n\n\n To resume in some numbers:<\/span><\/p>\n\n\n\n The bottom line here is that Chinese investors are willing to invest a lot where their money can be safe and fruitful. As a real estate promotor, it can be very interesting to demonstrate the advantages of investing in overseas housing.<\/span><\/p>\n\n\n\n <\/p>\n\n\n\n Douyin is used by 80 of Top Real estate Developpers in China <\/p>\n\n\n\nWhy Canada? <\/span><\/h3>\n\n\n\n
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Douyin is the best platform to sell in China, best lead generation in China <\/strong><\/h4>\n\n\n\n