China’s Wealthy as Canadian Real Estate Forcing Function

From the WSJ tonight, an article that (drive-by) makes the case for why wealthy Chinese immigration represents such an important forcing function in Canadian real estate. As the following figure shows, Canada is right behind the U.S. as the most desired location for exiting Chinese with more than $1,6m in assets.

Now, here is the important thing: Canada is only one-tenth the U.S.’s size, so the effect on Canadian real estate is immense, especially when the inbound wealth is funneled largely into two population centers, Vancouver and Toronto. And, within those two cities, most of the Chinese immigrants settle in Vancouver West and Markham/Thornhill, respectively. Incredible point mass of capital.

China emigration

Comments

  1. chinglishPhD says:

    "Now, here is the important thing: Canada is only one-tenth the U.S.’s size, so the effect on Canadian real estate is immense"…..eh…..?

    The effect will be more pronounced on foreign policy and Telephone IVR Menus, as in "普通话按2“ = "press 2 for mandarin" [google translate messed it up i think]. I guess you very money minded lah!

  2. Interesting. Thanks for including the infographic it makes view posts a breeze. Feel free to check out my blog http://forcingfunction.com and give me some pointers.

  3. The economy has picked up and there’s more interest in people buying and selling these days. This seems to be the trend in Calgary. Like this site. Looking for ideas for my website to improve it myself.