Wang Lunwen

Key property markets in Vancouver and Toronto, which has been struggling, could be the next casualties as the diplomatic spat between China and Canada that broke out in the wake of the arrest of a Huawei executive keeps intensifying.

Top Chinese real estate agencies have canceled some Canadian real estate investment promotion events, and some sensitive investors have given up their buying plans, industry sources said.

Canada’s detention of Huawei CFO Meng Wanzhou has caused a diplomatic spat between the two countries. The tensions could empty key property markets in Canada, such as Vancouver, of Chinese real estate investors, housing agents said on Sunday.

A department head of the

Canada branch business of a top real estate agency in China told the Global Times on condition of anonymity that the agency canceled some Canada promotional events and encouraged potential new Chinese investors to start shifting their migration destinations or delay their investment plans.

“A few sensitive investors dropped their plans ... about 10 percent,” the agent based in Beijing said. “Some investors are delaying their plans, considering the spat to be a temporary incident.”

A 28-year-old Chinese surnamed Lu who has studied and lived in the Canadian city of Montreal for eight years, told the Global Times on Sunday that she is reconsidering her plan to buy a house after the incident involving Meng.

“I have scheduled a time to submit my immigration application, but I’m

thinking of

CEO of Sky Migration

postponing it as well as my buy a house in Canada bec disappointed with the C government… I don’t un why the officials are med political affairs between Ch the US,” Lu said.

The anger has spread the Chinese community in which had already lost fait