M city 5 condos mississauga. Why buy a house in Toronto? In addition to more and more Chinese enterprises seeking development abroad, the trend of more rich and middle-class Chinese buying homes overseas is also becoming more and more obvious.Please Visit: M city 5 condos mississauga to Get Your VVIP Registration Today!
At the same time, with the Chinese people’s understanding of foreign countries, the real estate in Toronto will become more and more attractive to Chinese people.
First of all, Toronto integrates Canadian economy, finance, commerce and comprehensive industry. The Toronto Stock Exchange is the seventh largest exchange in the world. Toronto is New York and Shanghai of Canada.
In areas with economic vitality, house prices are resistant to falling, while growth is steady, and basically so in the long run. As a result, house prices in New York did not fall much during the 2008-09 financial crisis, and Shanghai prices have continued to rise since last year’s strict crackdown by the Chinese government. Toronto house prices have been steady for nearly 20 years, with single-digit growth every year. They have never been violent and do not rise and fall as sharply as some cities do.
Second, Toronto has nearly 20% of Canada’s population, and Ontario, where Toronto is located, has nearly 40% of Canada’s population. Population density is the truth of house prices, so now house prices in China’s first-and second-tier cities have basically not fallen, while the decline in house prices in some third-and fourth-tier cities has been quite obvious, and the net population of some third-and fourth-tier cities has been decreasing. And Toronto as an international metropolis, housing prices in the world’s international metropolis.
The important point is that 100000 immigrants and tens of thousands of international students and visa holders pour into Toronto every year, making Toronto’s housing supply outstripping demand. Toronto’s population continues to grow, housing is tight, and rents go up every year. The price ratio is low, especially at a time when Canadian mortgage rates are still at an all-time low, making it cheaper to buy than rent. But for the people who use it, it is a kind of stable and stable value-added income.
With regard to the government, Canada’s banking system has avoided the economic crisis in the United States and Europe and ensured the sound and long-term development of the Toronto real estate market. Foreigners can buy multiple properties in Canada, treat them in the same way as locals, and are allowed to borrow money from banks, generally getting 65% of the house price. Australia imposed restrictions on foreigners buying houses several years ago. Moreover, the right to use the house is sexual. Housing loans from China’s domestic banks of regular savings interest, Chinese people to Canada to buy a house loan is very cost-effective, favorable, do not borrow for nothing, so they can afford to buy a house in Toronto. At the same time, the Canadian government announced in early 2014 that it would expand the enrollment of international students, doubling the number of international students in Canada within eight years. Toronto is a city with a large number of international students in Canada, and it is obvious that the expanded enrollment of foreign students, whether renting or buying, has expanded the needs of the Toronto housing market.