The Motria Group's Market Blog: China's conflict with Canada will make purchases by Chinese buyers much more difficult
Monday Feb 04th, 2019Share
China’s conflict with Canada will make purchases by Chinese buyers much more difficult. China is not allowing large conversions of Chinese Yuan to Canadian dollars. This will make large real estate purchases very difficult for Chinese buyers. Tough mortgage laws are requiring foreign buyers to show proof of income even for purchases with 35% down. This may again dampen buying power. Despite this, demand remains high so we believe good properties will continue to sell well.