South Forest Hill Residences address.How much is the house price per square meter in Canada? Unlike in China, Canadian houses are not sold by how much per square meter, but by how much a house or an apartment costs.Please Visit: South Forest Hill Residences address to Get Your VVIP Registration Today!
According to the November 2018 MLS (multiple listing Services system) housing benchmark price data released by the Canadian Real Estate Association, the national average house price in Canada is 618800 Canadian dollars (about 3.164 million yuan). The house price data of major Canadian cities familiar to the Chinese are as follows:
Greater Vancouver is the region with the highest house prices, with the composite benchmark price of the MLS house price index reaching C $1,042,100 in November, down 1.4% from the same period last year and 1.9% from October this year. Victoria, which also belongs to British Columbia, costs C $686400.
Take the following typical apartment in Vancouver as an example, the two-bedroom, two-bathroom and one-bedroom garage, with a floor area of 79 square meters, sells for 649000 Canadian dollars (about 3.32 million yuan), which translates to 42000 yuan per square meter.
Prices in Greater Toronto, Ontario, another popular city for Chinese families to buy homes, were C $763600 in November, down 2.7% from a year earlier and 0.36% from October. During the same period, the house price in Hamilton, Ontario is C $581900 and Ottawa C $393600.
ING analyst James Knightly released the latest report, pointing out that falling home sales, rising debt service costs and new mortgage regulations have all put continued depressed pressure on the Canadian housing market. It is expected that the Canadian housing market will remain in the predicament of falling prices in the coming months, and it will not be possible to pull Canadian property prices out of the downward trend until the Canadian government implements a new real estate stimulus policy in the autumn.
Wei Gang was optimistic that this indicates that his light business will also usher in an inflection point.
Since April, he has been in China, introducing to many high net worth people the pulling effect of Canada’s new real estate stimulus on house prices, stimulating their bottom-buying enthusiasm.
But it didn’t work well.
“now many high net worth people in China have become particularly rational. On the one hand, they know that the sharp rise in Canadian property prices in previous years was started by the Chinese, and they will not take the last shot even if prices fall back now; on the other hand, they have done a detailed understanding of the Canadian property market and have their own judgment on the timing of real bottom-cutting investment.” Wei just told the 21st Century Economic report.
