17 May 2018

“Chinese buyers are still interested in Toronto’s real estate, they want to study or work there, and they want to raise their families there.”

The recent data from Financial Times Confidential Research shows that 56.8% of Chinese investors plan to invest more overseas during the next two years. Law says that if these people “have strictly investment goals, it means they aim for stability and risk reduction, and not for high returns. Let’s be honest, they would most likely receive much higher returns in China than in Toronto.”

“Home prices are cooling in Toronto because credit becomes more expensive and mortgages are harder to get. The foreign buyers’ tax can’t have this massive influence on the market which has been attributed to it.”