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On Monday, there was a spectacle of buyers camping for the night at an apartment sales center in Lanli. At that time, a few days before the opening of the market, more than 50 potential customers had set up tents and waited all night on 208th Street in Lanli. Most of these waiting people are middle-aged people, and even young students face, only to know that these people are recruited through the website Craigslist to line up for people.
Jeff Chernenko, who ranked last in the line, said he came to Lanli to buy a house because the house price is acceptable and it will not be as difficult to find a house as in other parts of Dawen, so it seems to be very difficult to buy an apartment here.
The scenes of “starting prices by sitting on the ground” and “waiting in line all night”, which are extremely familiar with the Chinese property market, are taking place more than 8,000 kilometers away in Vancouver, Canada.
In early 2016, the Chinese government launched a series of intensive real estate stimulus policies, and first-tier cities such as Shenzhen and Shanghai, as well as some second-tier cities such as Nanjing and Suzhou, began to experience a round of skyrocketing house prices. At the end of March this year, the government was finally unable to sit still, and Shanghai, Shenzhen, Beijing, Nanjing and other cities issued policies to curb the property market one after another.
In contrast, monthly sales and prices in the housing markets in Canada, Vancouver and Toronto continue to break records, with benchmark prices for detached houses in Vancouver rising 30.1% over the past year to $1.4 million (9.1399 million yuan). In April, sales of all homes in downtown Vancouver were 41.7 per cent higher than the average over the past decade.
“Crazy” is the only key word that can describe today’s Vancouver real estate market. Real estate in Toronto and Vancouver in Canada continues to be hot, with local people complaining everywhere. The government has been saying that it will investigate the main causes and research policies, but in fact, in addition to additional provisions such as the upcoming registration of the nationality of home buyers, there has been no fundamental restraint policy.
After investigating and interviewing relevant industry insiders, interface journalists have come to a basic conclusion: the fundamentals of the hot Canadian real estate market are still there, and even if government policies are introduced, they will be carried out roughly through two aspects: one is to make housing loans more difficult to regulate through financial leverage; the other is to increase relevant taxes and raise the threshold for overseas buyers to enter the market.