China is home to hundreds of very rich people who can afford to own property outside the country. There are quite a few locations around the world such as Australia and the US where Chinese citizens wish to buy real estate for residential or investment purposes. Another country has now joined that list; Canada. Chinese Demands Canadian Property increasingly due to the country’s cosmopolitan lifestyle and stable economic condition.
One other reason why Chinese citizens are interested in Canadian properties is the price. Real estate prices in China are so high that it is quite out of reach for the middle class people. Canada however provides an option for them to buy a home and move to a new country. In today’s prices, a one bedroom flat in China costs as much as 5 independent houses in Canada.
So, real estate agents, dealers and developers in Canada are also trying to cash in on this golden opportunity. Some of them are even attempting to Learn Chinese Online so that they can talk to their Chinese clients without a translator and pursued them to buy premium luxury properties in Canada.
China is showing tremendous interest in buying international real estate. It is part of a trend that has been developing over the last few years. As the country becomes more westernized owing to its wide open markets, more and more people are seeking a different kind of lifestyle. This trend is especially on the rise among the young Chinese millennials who are working in multinational companies and craving for a multicultural yet westernized lifestyle that only countries like Canada can provide.
Canada is also known for the opportunities for quality higher studies, and China is interested in that as well. More and more parents are sending their children to schools and colleges in Canada and these same parents are also buying properties in Canada for their children to live in during their sojourn there.