"While in-demand housing markets such as Vancouver and Toronto can trace a significant part of their continuous growth to foreign investments, recent findings by a U.S.-based think-tank indicated that Canada is not alone in experiencing an influx of wealthy Chinese snapping up high-end real estate.

The New York non-profit organization Asia Society revealed in its latest report that Chinese nationals funnelled US$22.2 billion into U.S. real estate investments in 2015 alone. This prodigious amount has made Chinese the leading foreign buyers of American homes, dethroning Canada from the top spot."

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