Canadian Real Estate Wealth
A Shanghai real estate exhibit, which aims to connect Chinese nationals with overseas investment properties, speaks to the growing interest in those types of opportunities.
The 13th edition of the “Overseas Property and Immigration and Investment Exhibition” is set for March 10-12 at the Shanghai International Convention Centre.
CREW obtained a brochure for the invite-only event, which is targeted to Chinese “VIP” buyers interested in purchasing foreign real estate.
The inaugural edition of the event, which took place in March of 2011, drew a total of eight countries and 29 companies who targeted investors. The total number of potential investors was under 9,000.
Fast-forward to a recent event, which took place in March of this year, where a total of 43 countries and 208 companies took part. VIP investors totalled a whopping 35,001.
“With over 100+ expos in 10 years, we have opened our doors to over 3,500 exhibitors, 500,000+ high-end investors and welcomed the voice of hundreds of senior level industry experts,” a rep for the forum wrote in an email to CREW.
Foreign investment in Canada’s real estate market is a hot topic. Its influence is difficult to determine and much of the stats and studies are anecdotal or incomplete.
According to the brochure of the September edition of the event, 55% of potential investor attendees are between the age of 40-50. The vast majority of attendees have an annual household income of over $600,000.
As for exhibitors, companies from North America make up the second-largest group at 30% — following just behind Australia (36%).
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