An article about the growth of Chinese investment in overseas commercial real estate written by Xinhua. Money is piling into Canada’s property market, according to a report by a Vancouver-based commercial real estate firm.
Chinese investors have been interested in Canadian residential real estate for some time but Canada is starting to witness a record increase of Asian investors underwriting commercial real estate deals across the country. Colliers International reported that in 2014, the global outflow of Chinese capital into overseas property markets reached a record of $18.3 billion US. The report suggests that Chinese investors are interested in Vancouver’s housing market and are now targeting commercial assets: resorts and hotels, office buildings, and empty land for development.
With Chinese investors buying large sites in Canada, what does this mean for others investors?
Read full article here: https://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20150315000117&cid=1202
