No. 1 Chinese international property portal indicates that Montreal is about to outshine Vancouver as prime investment location.
According to Juwai.com, which has over two million visitors per month, Canada ranks 4th among most researched cities, ahead of the United Kingdom but behind the United States, Australia and Hong Kong.
Chinese have made record foreign real estate investments in 2016, reaching C$130 billion, an increase of 25.4% compared to 2015. Juwai predicts numbers will range near C$106 billion in 2017.
Research data reveals Toronto, Montreal, Vancouver, Ottawa and Victoria as preferred investment destinations, in that order, for Chinese homebuyers.
Juway analysts believe the 15 per cent foreign-buyer tax on Vancouver real estate…