predicts that searches by Chinese investors for Canadian property will increase about 10 per cent in 2019 compared with 2018. The growth rate will be fairly flat compared with last year when searches increased eight per cent during a year of fluctuating demand.
“With steep foreign buyer taxes and high prices in Vancouver and Toronto, we have seen an increasing number of Chinese buyers shift to other cities in Canada,” Ms. Law says. “They are successfully marketing local real estate in terms of affordability, lifestyle and educational institutions.”are not mentioning the tension between China and Canada as a concern.
Ms. Law says buyers from China are less interested in purchasing in the United States. An intentional slowdown on visa processing, the uncertainty surrounding the government shutdown and worries about future fallout from the trade war all contribute to the chill, she says.
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