Harbourwalk condos.Analysis of overseas real estate in Vancouver, Canada. With the growing population of immigrants and overseas students, foreign real estate has developed rapidly in the past few years.Please Visit: Harbourwalk condos to Get Your VVIP Registration Today!
To capture this demand, we have demonstrated many international real estate projects in China, such as the coast of Australia, London’s emerging Financial Canary Wharf (Canary Wharf), Vancouver and Toronto in Canada. Among these markets, we find that Vancouver is one of the markets, especially in Windsey and the area around UBC in British Columbia (Wensi for short). As the most livable city, Vancouver attracts many Chinese immigrants who pursue a high quality of life. As a result, the market has been in a growth mode for a long time and has been strongly sought after by many Asian real estate developers. This article will make an in-depth analysis of the driving forces behind the market and explain why people consider Wenxi.
Housing prices in the Greater Vancouver area have increased rapidly in the past three years, with an average annual increase of 12%. It was temporarily on a downward path during the global recession in 2008 and 2009, by about 15%, and quickly rebounded and returned to pre-recession levels. Compared with other major markets such as the United States and Europe, Canada is currently the most stable economy under the impact of the financial crisis, so its security is a significant feature.
For Vancouver’s fastest-growing region, prices are growing at an annual rate of 16%, much higher than the Vancouver average of 12%, and prices are also about 30% higher than the Vancouver average. This presents a development model similar to that in Shanghai in the past-properties with better locations and higher housing prices will bring a higher premium. We can see several major drivers of the Vancouver real estate market boom, such as the resources in the community, commercial areas and other major urban facilities and attractions, and the natural environment provided by the community, all of which attract a large number of wealthy immigrants to live. The driving force of demand has always kept prices at a relatively high level.
