The Chinese have been #1 investors for Canadian real estate … Nothing new.
Instead of slowing down after the infamous Vancouver Foreign Buyer Tax, they come in greater number as if apocalypse is going to land in the Middle Kingdom soon.
The momentum continues, home prices keep going north, millenials remain in the same doldrum as far as housing affordability is concerned.
The more the merrier?
Maybe it is a good thing after all …?
More about Chinese real estate investment frenzy …