Wednesday, September 27, 2017 / by Tesa Real Estate Group
Thanks to premier Katherine Wynne, Ontario’s new housing policies have put a brake on sizzling housing markets in Great Toronto Area. The new policies apparently leave Chinese buyers in a wait and see position.
Now, the question is, will Chinese buyers come back to GTA markets again?
Our answer is yes and we are already hearing from our overseas investors. Here is why.
Chinese inflation rate is about 6% according to the Chinese government (privately, people think the rate is much higher), that means the assets Chinese holds will lose 50% of its value in about 10 years.
Chinese are moving their money out of China both by institutions and private citizens.
Globe and Mail had a report about Chinese institutions who are buying Canadian assets including a recent one, BC’s landmark, Grouse Mountain Resorts. (Grouse Mountain acquisition just the start for Chinese investment firm, banker says, https://www.theglobeandmail.com ...