{"id":7903,"date":"2018-07-04T00:59:55","date_gmt":"2018-07-04T00:59:55","guid":{"rendered":"https:\/\/www.canadianrealestatemagazine.ca\/engel-and-volkers-reveals-chinese-buyers-checklists\/"},"modified":"2023-11-16T03:45:49","modified_gmt":"2023-11-16T03:45:49","slug":"engel-and-volkers-reveals-chinese-buyers-checklists","status":"publish","type":"post","link":"https:\/\/www.canadianrealestatemagazine.ca\/news\/engel-and-volkers-reveals-chinese-buyers-checklists\/","title":{"rendered":"Engel & V\u00f6lkers reveals Chinese buyers\u2019 checklists"},"content":{"rendered":"

Predominantly Chinese foreign buyers have stringent checklists for Canadian properties, whether they intend to live in them or not.<\/p>\n

\u201cFeng shui is tied into it,\u201d said Jennifer Chan, a broker with Engel & V\u00f6lkers Toronto Central. \u201cYou can say it\u2019s superstition, but it\u2019s not; it\u2019s tied into the culture deeply. If you\u2019re buying a house, you wouldn\u2019t want a giant tree in front of your porch. It\u2019s not good for technical reasons, but it\u2019s also not good for feng shui. You don\u2019t want light or electrical polls or giant trees in front of your door.\u201d<\/p>\n

\"A<\/p>\n

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Feng shui can perhaps be best described as a form of pseudoscience which purports to direct and abet harmonizing energies throughout an abode, and in the process makes them more liveable for the inhabitants.<\/p>\n

An additionally important facet of feng shui is location. Religious edifices, whether churches or temples, usually dominate the streets on which they\u2019re located, therefore, they have a substantially negative effect on homes\u2019 feng shui.<\/p>\n

\u201cThey bring a lot of traffic but also because, like with Buddhist temples a long time ago, crematoriums used to be close by,\u201d said Chan.<\/p>\n

According to Engel & V\u00f6lkers Toronto Central\u2019s broker of record, feng shui adherents do not like living in homes wherein people have died. Moreover, numbers both good and bad are crucial within the philosophy.<\/p>\n

\u201cThe buyers from China are also superstitious with numbers. Four is not a good number,\u201d said Anita Springate-Renaud, who added that fewer buyers from Hong Kong adhere to feng shui than their Mainland counterparts.<\/p>\n

\u201cBut as of the last 20 years, the Mainland is who is coming over with money. The younger generation isn\u2019t as superstitious as the elder generation, but if the parents are footing the bill then they have to toe the line. I have a buyer who bought a property that had the address 44. If the money is coming in from a parent or grandparent, then they will adhere to those cultural norms because it\u2019s not their money.\u201d<\/p>\n

Because China is geographically huge, different subcultures can be found through the country, so Chinese buyers typically choose areas with cultural amenities that suit their regional cultures.<\/p>\n

\u201cEase of going to entertainment amenities and community events within their group\u201d is important, said Chan. \u201cSo when they buy homes, they want to access their own mini subculture.\u201d<\/p>\n

However, there\u2019s one main driver that often supersedes feng shui.<\/p>\n

\u201cSchools are very important,\u201d said Springate-Renaud. \u201cIt doesn\u2019t matter if it\u2019s a public or private school, they want to be in a good school district. It\u2019s a main driver for them.\u201d<\/p>\n

Related stories:<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Predominantly Chinese foreign buyers have stringent checklists for Canadian properties, whether they intend to live in them or not. \u201cFeng shui is tied into it,\u201d said Jennifer Chan, a broker with Engel & V\u00f6lkers Toronto Central. \u201cYou can say it\u2019s superstition, but it\u2019s not; it\u2019s tied into the culture deeply. If you\u2019re buying a house, […]<\/p>\n","protected":false},"author":6,"featured_media":21255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7903"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=7903"}],"version-history":[{"count":3,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7903\/revisions"}],"predecessor-version":[{"id":29040,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7903\/revisions\/29040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/21255"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=7903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=7903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=7903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}