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Posted by / 24-Feb-2018 02:15

On Juwai.com, an online listing service where Chinese buyers can look for international real estate, inquiries about specific properties in Ontario rose 143 per cent in 2015, with the total value of those homes hitting .2 billion.Quebec saw its numbers more than triple, while Alberta’s numbers rose 70 per cent. The stated reasons for such purchases don’t entirely compute (neither seems the likely site, as owners and local officials suggest, for a full-service, self-contained vacation community). Next to China’s own volatile real estate markets, property almost anywhere in the Western world can seem an island of financial sanity, says Matthew Moore, president of Juwai’s North American operations.High on his list, though, was Victoria’s comfortable distance from the bustling Chinese communities of B. As Shen—betraying his limited knowledge of pre-settlement Canadian history—puts it: “We wanted a place that would allow us to live with the natives.” It’s hard not to smile at his idealism.Substitute any one of two dozen nationalities, after all, and you have a chapter in Canada’s cherished narrative of migration, settlement and shared prosperity.

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Meanwhile, Chinese developers have made buys in locations that have left analysts scratching their heads, including Nova Scotia’s remote Eastern Shore and an abandoned mining town in the B. “The year-on-year property increase in Shenzhen, one of China’s tier-one cities, was close to 60 per cent,” he observes.

“This is about wealth preservation.” Adding to that sense of urgency: even the most privileged Chinese mainlanders have for decades been shut out of buying property, which Moore describes as the “favourite asset class” of Chinese dating back to its pre-Revolution days.

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Paul Shen can tick off the reasons Mainland Chinese people buy property in Canada as surely as any fast-talking B. The richest, of course, regard homes in the West as stable vessels for disposable cash, but Shen lays no claim to such affluence.

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Die Jobtickets für das Jahr 2018 können dieses Jahr noch bis Donnerstag, 21.

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