While Vancouver and Toronto are traditionally the top two favorites for Chinese buyers, there’s a new competitor that is nabbing much Chinese investor interest – Calgary, the largest city in Alberta. Chinese inquiries for Alberta properties on Juwai.com have surged 70%. And Hainan Airlines has recently launched a new direct air link between Beijing and Calgary due to demand. Some of the momentum is due to a new 15% foreign buyer tax imposed in British Columbia, which is designed to slow down the run away home prices blamed on Chinese purchases.
Calgary is on the rise for Chinese buyers.
by kramoltz@hotmail.com | Oct 7, 2016 | Global Buyers + Foreign Investment | 0 comments